FILE PHOTO OF YANKEE STADIUM.

FILE PHOTO OF YANKEE STADIUM.

The New York Yankees have pitched a proposal to city officials to build a new baseball park across the street from Yankee Stadium at a cost of $700 million, officials and media reports said on July 30, 2004. A spokesman for Yankees principal owner George Steinbrenner said the team would pay for the entire cost of the new park, and city and state government would pay for improving the infrastructure around the stadium in the borough of the Bronx. Yankee Stadium is shown before Game 1 of last year’s World Series in this October 18, 2003 file photo. REUTERS/Shannon Stapleton/FILE RC/SV
Reuters / Picture supplied by Action Images *** Local Caption *** RBBORH2003101800797.jpg