MLS reportedly adding N.Y. team as $300 million Queens stadium becomes finalized

Flushing Park in Queens, N.Y. could soon be home to a $300 million MLS stadium.

Major League Soccer could soon be adding a New York City-based team as the league works to finalize plans for a $300 million stadium in Queens, according to a report on Monday from Fredric U. Dicker of The New York Post:

The proposed facility, construction of which could begin early next year, would be home to a yet-to-be-named new franchise. [I]nsiders say talks on the project have advanced considerably and are close to being wrapped up.

The MLS ownership group is sponsoring the project and would fund it entirely. The stadium would begin construction in 2013 and would seat 25,000 people. It would be situated next to the New York Mets' Citi Field and Arthur Ashe Stadium, home of the U.S Open.

The city-owned Flushing Park where Arthur Ashe Stadium is located would give up about nine acres of land for the project but would receive land in return from the state. Legislation for that swap could take place in late November and aides to Gov. Cuomo and his secretary, Larry Schwartz, have attended meetings this summer to discuss the project.