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Citi Field
Citi Field is a baseball stadium located in Flushing Meadows–Corona Park, in the borough of Queens, New York City, United States. Opened in 2009, Citi Field is the home of Major League Baseball's New York Mets. The ballpark was built as a replacement for the adjacent Shea Stadium, which had been demolished shortly before Citi Field's opening.
Citi Field was designed by the company Populous. The $850 million baseball park was funded with $615 million in public subsidies, including the sale of New York City municipal bonds that are to be repaid by the Mets with interest. The payments will offset property taxes for the lifetime of the park.
The first game at Citi Field was on March 29, 2009, with a college baseball game between the St. John's Red Storm and Georgetown Hoyas. The Mets played their first two games at the ballpark on April 3 and 4, 2009 against the Boston Red Sox as charity exhibition games. The first regular-season home game was played on April 13, 2009, against the San Diego Padres. Citi Field hosted the 2013 Major League Baseball All-Star Game, marking the second time the Mets have hosted the event (the first being in 1964, the inaugural season of Shea Stadium).
The naming rights were purchased by Citigroup, a New York financial services company, for $20 million annually.
Since the 1990s, the Mets were looking to replace Shea Stadium. It had originally been built as a multi-purpose stadium in 1964. While it had been retrofitted as a baseball-only stadium after the NFL's New York Jets left for Giants Stadium after the 1983 season, it was still not optimal for baseball, with seating located farther away from the playing field compared to other major league ballparks. The team unveiled a preliminary model of the ballpark in 1998; it featured a retractable roof and a movable grass field, which would have allowed it to host events including conventions and college basketball. The Mets also considered moving to Mitchel Field or Belmont Park in Nassau County, Long Island; Sunnyside Yard in Queens, or the West Side Yard in Manhattan.
In December 2001, shortly before leaving office, New York City Mayor Rudy Giuliani announced "tentative agreements" for both the Mets and the New York Yankees to build new stadiums. Of the $1.6 billion sought for the stadiums, city and state taxpayers would pick up half the tab for construction, $800 million, along with $390 million on extra transportation. The plan also said that the teams would be allowed to keep all parking revenues, which state officials had already said they wanted to keep to compensate the state for building new garages for the teams. The teams would keep 96% of ticket revenues and 100% of all other revenues, not pay sales tax or property tax on the stadium, and would get low-cost electricity from New York state. Business officials criticized the plan as giving too much money to successful teams with little reason to move to a different city.
Michael Bloomberg, who succeeded Giuliani as mayor, exercised the escape clause in the agreements to back out of both deals, saying that the city could not afford to build new stadiums for the Mets and Yankees. Bloomberg said that, unbeknownst to him, Giuliani had inserted a clause in this deal that loosened the teams' leases with the city and would allow the Mets and Yankees to leave the city on 60 days notice to find a new home elsewhere if the city backed out of the agreement. At the time, Bloomberg said that publicly funded stadiums were a poor investment. Under Bloomberg, the New York City government would only offer public financing for infrastructure improvements; the teams would have to pay for the stadiums themselves. Bloomberg called the former mayor's agreements "corporate welfare". Giuliani had already been instrumental in the construction of taxpayer-funded minor league baseball facilities MCU Park for the Mets' minor league Brooklyn Cyclones and Richmond County Bank Ballpark for the Staten Island Yankees.
The final plans for what is now Citi Field were created as part of the unsuccessful New York City 2012 Olympic bid. After plans for a West Side Stadium fell through, New York looked for an alternate stadium to host the opening and closing ceremonies and track and field. The Olympic Stadium project on the West Side was estimated to cost $2.2 billion, with $300 million provided by New York City and an additional $300 million from New York State. If New York had won the bid, Citi Field would have been expanded to Olympic events while the Mets would have played at Yankee Stadium in the Bronx for the 2012 season. By then, however, the failure of the West Side Stadium proposal had effectively ended New York's chances of winning the 2012 games.
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Citi Field
Citi Field is a baseball stadium located in Flushing Meadows–Corona Park, in the borough of Queens, New York City, United States. Opened in 2009, Citi Field is the home of Major League Baseball's New York Mets. The ballpark was built as a replacement for the adjacent Shea Stadium, which had been demolished shortly before Citi Field's opening.
Citi Field was designed by the company Populous. The $850 million baseball park was funded with $615 million in public subsidies, including the sale of New York City municipal bonds that are to be repaid by the Mets with interest. The payments will offset property taxes for the lifetime of the park.
The first game at Citi Field was on March 29, 2009, with a college baseball game between the St. John's Red Storm and Georgetown Hoyas. The Mets played their first two games at the ballpark on April 3 and 4, 2009 against the Boston Red Sox as charity exhibition games. The first regular-season home game was played on April 13, 2009, against the San Diego Padres. Citi Field hosted the 2013 Major League Baseball All-Star Game, marking the second time the Mets have hosted the event (the first being in 1964, the inaugural season of Shea Stadium).
The naming rights were purchased by Citigroup, a New York financial services company, for $20 million annually.
Since the 1990s, the Mets were looking to replace Shea Stadium. It had originally been built as a multi-purpose stadium in 1964. While it had been retrofitted as a baseball-only stadium after the NFL's New York Jets left for Giants Stadium after the 1983 season, it was still not optimal for baseball, with seating located farther away from the playing field compared to other major league ballparks. The team unveiled a preliminary model of the ballpark in 1998; it featured a retractable roof and a movable grass field, which would have allowed it to host events including conventions and college basketball. The Mets also considered moving to Mitchel Field or Belmont Park in Nassau County, Long Island; Sunnyside Yard in Queens, or the West Side Yard in Manhattan.
In December 2001, shortly before leaving office, New York City Mayor Rudy Giuliani announced "tentative agreements" for both the Mets and the New York Yankees to build new stadiums. Of the $1.6 billion sought for the stadiums, city and state taxpayers would pick up half the tab for construction, $800 million, along with $390 million on extra transportation. The plan also said that the teams would be allowed to keep all parking revenues, which state officials had already said they wanted to keep to compensate the state for building new garages for the teams. The teams would keep 96% of ticket revenues and 100% of all other revenues, not pay sales tax or property tax on the stadium, and would get low-cost electricity from New York state. Business officials criticized the plan as giving too much money to successful teams with little reason to move to a different city.
Michael Bloomberg, who succeeded Giuliani as mayor, exercised the escape clause in the agreements to back out of both deals, saying that the city could not afford to build new stadiums for the Mets and Yankees. Bloomberg said that, unbeknownst to him, Giuliani had inserted a clause in this deal that loosened the teams' leases with the city and would allow the Mets and Yankees to leave the city on 60 days notice to find a new home elsewhere if the city backed out of the agreement. At the time, Bloomberg said that publicly funded stadiums were a poor investment. Under Bloomberg, the New York City government would only offer public financing for infrastructure improvements; the teams would have to pay for the stadiums themselves. Bloomberg called the former mayor's agreements "corporate welfare". Giuliani had already been instrumental in the construction of taxpayer-funded minor league baseball facilities MCU Park for the Mets' minor league Brooklyn Cyclones and Richmond County Bank Ballpark for the Staten Island Yankees.
The final plans for what is now Citi Field were created as part of the unsuccessful New York City 2012 Olympic bid. After plans for a West Side Stadium fell through, New York looked for an alternate stadium to host the opening and closing ceremonies and track and field. The Olympic Stadium project on the West Side was estimated to cost $2.2 billion, with $300 million provided by New York City and an additional $300 million from New York State. If New York had won the bid, Citi Field would have been expanded to Olympic events while the Mets would have played at Yankee Stadium in the Bronx for the 2012 season. By then, however, the failure of the West Side Stadium proposal had effectively ended New York's chances of winning the 2012 games.
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