Citi Field was designed by Populous (then HOK Sport), and is named after Citigroup, a New York financial services company that purchased the naming rights. The $850 million baseball park was funded with $615 million in public subsidies, including the sale of New York City municipal bonds that are to be repaid by the Mets plus interest. The payments will offset property taxes for the lifetime of the park. The Mets are receiving $20 million annually from Citibank in exchange for naming the stadium Citi Field.
The first game at Citi Field was on March 29, 2009, with a college baseball game between St. John's and Georgetown. The Mets played their first two games at the ballpark on April 3 and 4, 2009 against the Boston Red Sox as charity exhibition games. The first regular season home game was played on April 13, 2009, against the San Diego Padres. Citi Field hosted the 2013 Major League Baseball All-Star Game, marking the second time the Mets have hosted the event (the first being in 1964, the inaugural season of Shea Stadium).