© 2022 WSHU
NPR News & Classical Music
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Stories and information in our region on the COVID-19 pandemic.

Mets, Yankees Projected To Lose Hundreds Of Millions In Revenue

citifieldmets_apjohnminchillo_200616.jpg
John Minchillo
/
AP
Parking lots sit empty surrounding Citi Field, the home of the New York Mets, in March in Queens.

Public filings show that the New York Mets and Yankees will lose hundreds of millions of dollars in ticket sales, concessions, advertising and parking fees this year.  

The Mets generate nearly $150 million annually at Citi Field, and the Yankees bring in $330 million at Yankee Stadium. Training camps have reopened in New York, but the ballparks will not have fans in the stands.

According to records filed with federal regulators, the teams have enough money to make their annual bond payments on the stadiums.  

The Yankees made their $84 million payment in February. The first of the Mets two bond payments of nearly $22 million is due this week.

A native Long Islander, J.D. is WSHU's managing editor. He also hosts the climate podcast Higher Ground. J.D. reports for public radio stations across the Northeast, is a journalism educator and proud SPJ member.