New York City FC (NYCFC), of the US’ top-tier Major League Soccer (MLS), have struck a deal with New York City (NYC) officials to build a stadium in Queens, NYC mayor Eric Adams announced today (November 16).

The $780-million, 25,000-seat stadium will be located in the Willets Points neighborhood adjacent to Citi Field, the home of Major League Baseball’s New York Mets, and will be completed by 2027.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Paid for entirely by NYCFC, it will be part of a development including a 250-room hotel and 2,500 units of housing, which Adams said will be the city’s largest development of affordable housing since the 1970s.

The 23-acre (93,000-sq m) site earmarked for the stadium is owned by NYC and will be leased to the club and “a development team that includes Hudson Yards developer Related Companies and Sterling Equities.”

The New York Times has reported that NYCFC will pay rent of up to $4 million annually over the course of a 49-year lease, with the option for a 25-year extension.

See Also:

The project promises to transform what Adams described as a “blighted, underutilized, and ignored” former industrial area close to the waterfront.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It will also bring to an end a decade-long search by NYCFC for a stadium, with the club having played at Yankee Stadium in the Bronx since its inaugural season in 2015 despite having only initially intended to spend three seasons there.

The deal remains subject to planning and council approval.

NYCFC is part of City Football Group, the parent company of English Premier League giants Manchester City and a number of other clubs around the world.