A new era in the history of the New York Yankees began in 2009 when the team moved from the most famous and historic stadium in the world to their new stadium across East 161st Street. The name, Yankee Stadium, remains the same, and it appears that ghosts of the old Yankee Stadium moved to the new one as the New York Yankees won the 2009 World Series to win their 27th World Championship. For over eight decades, except in 1974 and 1976, the Yankees played at the old Yankee Stadium. When it opened in 1923, it was the largest and most magnificent stadium in baseball. Throughout its history Yankee Stadium was home to many legendary players and teams. 

Due to its deteriorating condition in the late 1960s and 1970s, Yankee Stadium was renovated and rebuilt. Since this renovation, nearly every team in baseball has either renovated or had a new ballpark constructed. While many fans and traditionalists would have preferred the Yankees to continue to play at Yankee Stadium, the team wanted a new ballpark built in order to bring in additional revenue and to offer fans more amenities and luxuries. After years of discussions and rumors, the New York Yankees officially announced plans for a new Yankee Stadium in June 2005. Constructed adjacent to the old Yankee Stadium, groundbreaking occurred on August 16, 2006. The Yankees financed the $1.6 billion project, and the City of New York spent $220 million for infrastructure and other improvements in the area.

On April 16, 2009, the New York Yankees played their first game at the new Yankee Stadium against the Cleveland Indians. Tradition and the look of the original Yankee Stadium prior to its renovation in the 1970s is incorporated into the new stadium. The new Yankee Stadium seats approximately 52,000 fans as the main grandstand consists of four levels stretching from foul pole to foul pole, with nearly 30,000 seats in the first two levels. The third level contains 56 luxury suites and the fourth level features a split level upper deck. Fans who enjoyed sitting in the bleachers at the old Yankee Stadium can continue to do so at the new stadium as it has the same number of bleachers and includes a food court. Many elements are incorporated into the new stadium that were lost when Yankee Stadium was renovated in the 1970s. The stadium consists of two separate structures. The exterior wall, consisting of limestone and granite, constructed to replicate the original Yankee Stadium built in 1923 is known as the Great Hall. It features 31,000 square feet and serves as the concourse before entering the stadium. The interior stadium itself rises over the top of the exterior. From the outside, the structures appear as one building almost identical in materials and design to the original stadium. Cavernous concourses give way to open spaces with sightlines to the field from nearly every vantage point in the stadium.