The stadium was built from 1922 to 1923 for $2.4 million ($32 million in 2014 dollars). The stadium's construction was paid for entirely by Yankees owner Jacob Ruppert, who was eager to have his own stadium after sharing the Polo Grounds with the New York Giants baseball team the previous 10 years.ankee Stadium closed following the 2008 baseball season and the new stadium opened in 2009, adopting the Yankee Stadium moniker. Yankee Stadium was demolished in 2010, two years after it closed.