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Friday, Aug 01st

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Mets owners to develop land near Citi Field

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New York Mets

The owners of the New York Mets must not be too broke: they're reportedly on tap as part of an investment group developing 20 acres adjacent to Citi Field.

The 20 acres at Willets Point is currently home to scrapyards and auto-repair shops. It's been a target of development efforts for years; its proximity to the ballpark was one prime reason why the decision was made to locate Citi Field near Shea Stadium.

The Mets ownership, in the form of parent Sterling Equities, is one of the investors, along with Related Companies. A new mall would be part of the development, according to AP.

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