New York City FC is beginning the process to win public approval from New York for a new stadium, a spokesperson for the Major League Soccer team told CNBC.
New York City FC is beginning the process to win public approval from New York for a new stadium, a team spokesperson told CNBC.
While no official deal has been reached, the professional soccer team is collaborating with real estate developer MADDD Equities, the New York Yankees, the New York Economic Development Corporation, the Bronx Parking Authority and local leaders on a project proposal for a new stadium in the South Bronx, according to the spokesperson.
More conversations are needed, and an agreement has not been finalized, an EDC spokesperson said in a statement to CNBC. The spokesperson confirmed that developers, the Yankees and NYCFC approached the city regarding the project.
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