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Sept. 13, 2006

Report: $220M park 'is different' -- Sakiewicz


The ground-breaking for Red Bull Park is scheduled for Tuesday.
The ground-breaking for Red Bull Park is scheduled for Tuesday.
Photo courtesy of AEG
The New York Red Bulls stadium in Harrison, N.J. -- Red Bull Park -- is expected to be unique, according to a report in Wednesday's Newark Star-Ledger.

The groundbreaking for the $220 million, 25,000-seat stadium will take place on Tuesday. The Anschutz Entertainment Group, which owned the MetroStars before they sold the team to the Austrian energy drink producer Red Bull, and Red Bull will split costs to build the stadium.

The Star-Ledger reported the stadium would be $220 million while reports earlier this year had the stadium building price at $100 million.

The soccer-specific stadium, which will be built along the eastern bank of the Passiac River, is scheduled to open in July 2008. The steel and glass structure will have a roof that will cover all the seats, but not the playing field.

"This is different," Nick Sakiewicz, president of the AEG New York/New Jersey, told the Star-Ledger. "That has been our theme all along, because in this market it has to be."

According to the Star-Ledger, the stadium will house two clubs for high-end ticket holders. One will be formal, the other modeled on a British pub.

Luxury suites will be built 12 rows above the playing field, which would put the suites closer to the action here than at any other stadium in the country, the newspaper added.

Some 67 luxury seats will be available, plus 1,000 premium club seats, the Star-Ledger reported.

Red Bull Park suites will be considerably cheaper than other area pro sports teams, such as the Yankees, Mets, Giants and Jets, at about $65,000 per year, Sakiewicz told the newspaper. For example, Yankee Stadium suites are in the neighborhood of $500,000. The suite price at Harrison will include tickets to all concerts and other events at the stadium, the Star-Ledger reported.

Red Bull Park is a major component of the three-million square foot capacity of he Harrison MetroCentre.

Hudson County, New Jersey and the Town of Harrison, New Jersey recently completed the sale of $39.4 million of revenue bonds to finance the land acquisition necessary for the development of the stadium. AEG’s partner on the stadium development is Red Bull Company Limited, the Austrian energy drink producer. Red Bull CL operates the Red Bulls soccer franchise since acquiring it from AEG in March.

The $100 million stadium will feature a 360-degree European-style roof/canopy covering the majority of the seats, big locker rooms, sound and lighting systems tailored to the unique surroundings of the stadium, "the finest turf to create soccer’s best pitch," according to the press release, and hospitality areas featuring 63 luxury suites positioned 12 rows from the playing surface.

Advance Realty Group’s multi-billion dollar Harrison MetroCentre, will include three-million square feet of office space, 3,500 residential units, 300,000 square feet of retail space, and over 10,000 decked parking spaces when completed.

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