A team spokesman declined to reveal the details of the transaction, citing company policy. Soft drink maker Red Bull bought the team from AEG in 2006, paying $30 million for the team, $45 million for a half interest in the stadium and $25 million for the venue's naming rights.
And RBNY will tweak the final product a bit, according to managing director Marc de Grandpre. The seating capacity will be bumped up to the 25,000 level, and a concert stage will be deleted, making it a soccer-only facility. "We would like to thank AEG for their hard work in our partnership over the past 18 months," de Grandpre says.
Site work started for the facility a year ago, and it's now slated to be finished in 2009. It's a cornerstone project of the under-construction Harrison MetroCentre, a mixed-use redevelopment being done by the Bedminster-based Advance Realty Group.
RBNY has also hired John Amorosa as construction manager. He will oversee the remaining construction of the stadium, dubbed Red Bull Park, as well as the team's new headquarters and training facility in Hanover.
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