USTA to invest $800 million in US Open facilities in New York

The United States Tennis Association announced on Monday it will make an $800 million investment to transform and modernize tennis facilities for the U.S. Open.

The project marks the largest single investment in U.S. Open history and will feature a top-to-bottom renovation of Arthur Ashe Stadium in Flushing, New York, as well as a new $250 million player performance center.

The USTA said the project will be self-funded and will not rely on public funding or taxpayer dollars.

"This project enables us to maintain the greatest stage in tennis — Arthur Ashe Stadium — which was constructed more than 25 years ago, and modernize it in a way that will set it up for the next 25 years," said Lew Sherr, CEO and executive director of the USTA.

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