New York City may get a brand new Major League Soccer stadium (including affordable housing)

According to the NYT, the New York City Football Club may be close to sealing a deal with a group of developers to build a 25,000-seat soccer stadium complex in the South Bronx near Yankee Stadium.

"New York City F.C.’s circuitous search for a permanent home [...] has come full circle.

The team’s owners, in conjunction with a group of local developers, are nearing an agreement with New York City that would allow the team to construct a privately financed, 25,000-seat stadium in the South Bronx as part of a development project costing more than $1 billion." — The New York Times

According to the NYT, the New York City Football Club may be close to sealing a deal with a group of developers to build a 25,000-seat soccer stadium complex in the South Bronx near Yankee Stadium. The project, which would also include retail, a hotel, a school, and much-needed affordable housing, has a few zoning hurdles to take first but reportedly has the blessing of New York Mayor Bill de Blasio.

"Though nothing has been finalized, there has been significant progress made, thanks to the hard work and dedication of our partners on this exciting project," wrote the club's CEO, Brad Sims, in a statement released this weekend. "We are actively involved with MADDD Equities, the Yankees, NYC Economic Development Corporation, the Bronx Parking Authority, and numerous Bronx community groups and local leaders to bring a transformative project proposal to the South Bronx, one piece of which would be a soccer-specific stadium. We are proud to partner with MADDD Equities, a well-known affordable housing developer, and NYC EDC to grow our engagement with local community leaders as we embark on the public approval process."