The club is partnering with Etihad Airways for the exclusive naming rights to the new venue in Queens, New York, which will officially be called Etihad Park, according to a joint press release.
Sims said the new venue opens up lucrative partnership opportunities, and the naming rights agreement is a prominent one.
Etihad Park is being built with private funds.
Etihad Park isn't the only new addition to Queens.
As for why the new stadium name is Etihad Park and not "stadium" or "arena," it's an homage to New York City's iconic green spaces, according to Sims.
Persons:
Brad Sims, Sims, Pete Giorgio
Organizations:
New, New York City, Major League Soccer, Etihad Airways, Etihad, New York City FC, CNBC, Yankee Stadium, Citi Field, MLS, Deloitte, Etihad Park
Locations:
New York, Queens , New York, Queens