Yankee Stadium is a baseball stadium in New York City that is the home of the New York Yankees, a Major League baseball team. Located at East 161st Street and River Avenue in The Bronx, it has hosted Yankees home games since 1923 and has a capacity of 57,545. It was formerly the home of the New York Giants football team, and once hosted dozens of boxing's most famous fights.
Yankee Stadium is one of the most famous sports venues in the United States, due to its primary occupants having won more World Series championships than any other team. Its nickname, "The House that Ruth Built", comes from the iconic Babe Ruth, the baseball superstar whose prime years coincided with the beginning of the Yankees' winning history.
In 2006, the Yankees began construction on a new $1.3 billion stadium in public parkland adjacent to Yankee Stadium. The Yankees are expecting to open the 2009 season in their new home. Once the new stadium opens, most of the old stadium, including all of the above ground structure, is to be demolished to become parkland.
