New York American League announces the purchase of a ten-acre plot (the future home of Yankee Stadium)

On February 6, 1921 — The New York American League franchise announces the purchase of a ten-acre plot of land for $675,000, from the estate of William Waldorf Astor, will be used as the future site of Yankee Stadium. The club’s new ballpark, located on the west side of the Bronx, will sit directly across the Harlem River from the Polo Grounds, the team’s current home for the past ten years as tenants to the Giants.