Citi Field is a stadium located in Flushing Meadows–Corona Park in the New York City borough of Queens. Completed in 2009, it is the home baseball park of Major League Baseball's New York Mets. Citi Field was built as a replacement for the adjacent Shea Stadium, which was constructed in 1964 next to the site of the 1964-1965 World's Fair. Citi Field was designed by Populous (formerly HOK Sport), and is named after Citigroup, a financial services company based in New York that purchased the naming rights. The $850 million baseball park is being funded by the sale of New York City municipal bonds which are to be repaid by the Mets plus interest. The payments will offset property taxes for the lifetime of the park.