New York City has sanctioned a plan for a new 25,000-seat soccer stadium for the New York City Football Club adjacent to Citi Field.

The stadium is part of a broader Willets Point redevelopment, encompassing housing, a school, retail, and a hotel, totaling $780 million, and eyeing a 2027 opening.

Private financing for the stadium will come from NYCFC's owners, including the Yankees and Sheikh Mansour, but could incur $516 million in taxpayer costs over 49 years.

The project aims to revitalize the long-neglected Willets Point area, creating New York City's first dedicated soccer stadium.

Economic forecasts suggest the development will generate $6.1 billion and create over 15,750 jobs, including construction and permanent positions.

The stadium is poised to be the first fully electric one in Major League Soccer and in New York City's professional sports, with significant environmental cleanup planned.

The first phase of the project, featuring affordable housing, is set to complete by end of 2026 with additional senior low-income housing to follow.

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