New York Giants quarterback Eli Manning has agreed to buy the former home of the late Kings architect, and he plans to use the site to build a brand new stadium, according to multiple reports.
The new stadium is expected to open in 2019 and seat more than 30,000 fans.
It will be located in Queens.
Manning’s spokesman, Josh Weintraub, said in a statement on Monday that Manning plans to renovate the existing Giants stadium and renovate its adjoining land, including the adjacent lot, “to create a new stadium that is more affordable, more sustainable and, most importantly, will give us a better chance of competing in the Super Bowl.”
The site will be used to store the Giants’ locker room.
The Giants’ new home is likely to feature a new $1 billion stadium, including an upper deck, according a person familiar with the deal who spoke to ESPN.
It is also likely to include a retractable roof, the person said.
Weintrub said the new stadium will have a “world class stadium,” and that “it will be a world-class facility.”
Manning is a billionaire, but the Giants are owned by the city of New York, which is owned by private equity firm Cerberus Capital Management.
The Giants have the league’s best-attended home game in Super Bowl LI, and Manning will play there in 2019.