On April 9, 2010, NYC Parks cut the ribbon on the new Macombs Dam Park and Joe Yancey Track and Field, at 161st Street and Jerome Avenue, across from the new Yankee Stadium. The $35 million park was funded by the City as part of a total $195 million investment to build new parks and recreational facilities through the Yankee Stadium Redevelopment Program. With the same state-of-the-art Mondo surfacing that has been used at the Summer Olympics, Macombs Dam Park features one of the best competition tracks in the city. The park also includes eight handball courts, four basketball courts, a soccer/football field with grandstand seating for up to 600 people, landscaping, adult fitness equipment including a chin-up bar, an interactive youth play area, passive recreational space, a comfort station and shaded picnic tables. The track, as with the previous track, is named for Joseph James Yancey, Jr., who co-founded the New York Pioneers Track and Field Club in 1936.