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Old Yankee Arena was built on a lumberyard near Coogan's Bluff in the west Bronx, which the owners of the Yankees purchased from William Waldorf Astor for $675,000.

The New York City Yankees had debuted as the New york city Highlanders in 1903, when a couple of bartenders bought the minor organization Baltimore Orioles for $18,000. From 1903 until 1912 the Highlanders played at Hillto
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