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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.
The stadium was built from 1922 to 1923 for $2.4 million ($32 million in 2014 dollars). The stadium's construction was paid for entirely by Yankees owner Jacob Ruppert, who was eager to have his own stadium after sharing the Polo Grounds with the New York Giants baseball team the previous 10 years.ankee Stadium closed following the 2008 baseball season and the new stadium opened in 2009, adopting the Yankee Stadium moniker. Yankee Stadium was demolished in 2010, two years after it closed.