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Originally known as Sesquicentennial Stadium when it opened April 15, 1926, the structure was renamed Philadelphia Municipal Stadium after the Exposition's closing ceremonies. In 1964 it was renamed John F. Kennedy Stadium in memory of the 35th President of the United States who had been assassinated the year before.
On February 6, 1921, the New York Yankees announced the purchase of ten acres of property in the west Bronx. The future home of Yankee Stadium was purchased from the estate of William Waldorf Astor for $675,000.On April 18, 1923, The House That Ruth Built opened for business. Yankee Stadium was a gigantic horseshoe shaped triple-decked ballpark that was the first to be called a stadium.Countless articles have been written by countless historians bringing forth every aspect of the stadium's history.erion Bluegrass. Yankee Stadium. The architect who designed The Yankee Stadium (which was its original name) was Osborn Engineering (1923) and Praeger-Kavanaugh-Waterbury (1976). The construction was done by White Construction Company in 1923at the cost of $2.5 million and the renovation in 1976 cost $160 million.