Location, location, location

Yankee Stadium under construction in 1922

After selecting a 20-acre site in the Bronx, the New York Yankees 103 years ago today pay $675,000 for the property on which they will build their new ballpark.

Yankee Stadium before its 1923 opener

That ballpark – the original and iconic Yankee Stadium – costs $2.4 million to build and opens in time for the start of the 1923 season.

In today’s money, the same costs would be $11.5 million for the land and $42.8 million for the stadium construction.

The original Yankee Stadium lasts for 50 years before a major overhaul takes two years to complete at a reported cost of $150 million.

During those two seasons, the Yankees play a couple of boroughs away in New York at Shea Stadium, the Mets’ home in Flushing Meadows.

The Yankees move back to the Bronx in 1976 and play in their renovated ballpark for another 33 seasons before moving across $161st Street and into a new Yankee Stadium, which opens in 2009 at the cost of $2.3 billion.

The new Yankee Stadium left, next to its renovated predecessor