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The park includes a soccer and football field with grandstand seating, a 400-meter track, handball and basketball courts, picnic tables and much more.

Although the track, named for legendary Bronx coach Joseph Yancey, has been open for several months, the rest of the facilities opened to the public Friday.

Built in the shadow of the New Yankee Stadium, the $35 million park was funded by the city as part of a major investment in parks and recreation, in conjunction with the new ballpark.

"It's taken a little while, but I think this will be a state-of-the-art park,” said Parks Commissioner Adrian Benepe. “And this first part right here is going to be a great asset for this neighborhood and for the whole city.”

"We want those of you who have not exercised in a long time, while whether you are old or young, to enjoy the parkland," said Bronx Borough President Ruben Diaz Jr.

“Folks are delighted,” said Jose Rodriguez of Community Board 4. “I think we're very happy and pleased with what the Parks Department has done. I mean, it’s a brilliant design, and I think at the end of the day we'll have a state-of-the-art competition track and field here in the city."

The old Macombs Dam Park was demolished to build the new Yankee Stadium.

"Repairing the old parks would have never reached these heights, the quality here, the running tracks, the basketball courts, all the tennis courts," said Representative Jose Serrano.

"It's much improved," said one local resident. "I love it. It's the best [park] I've seen so far."

In addition to the now-completed project, three baseball fields will be built on the site of the old Yankee Stadium when demolition is completed in June. The site will be called Heritage Field.

"We are going to put a big, new, real-grass field complex, with a full-sized baseball field for high school and college baseball, a little league baseball field and a softball field, all in one complex," said Benepe.

The cost of all these parks, which are behind schedule and to be completed by fall 2011, is $200 million.