Built and supported by the Randall's Island Sports Foundation in partnership with New York City Parks and Recreation, Icahn Stadium is located on Randall's Island, a 480-acre park anchoring Manhattan, the Bronx, and Queens. The Stadium features a premier, state of the art, IAAF certified 1, championship-quality track and field facility. The $42 million facility – built through a 1:1 ratio of public and private funding, and with a final $10 million naming sponsorship by New York City financier Carl Icahn — meets International Association of Athletics Federations (IAAF) specifications for accommodating local, national and international track and field events, including Olympic training and trials. It offers a standard 400-meter Mondo surface running track, flanked by covered spectator seating, and overlooks the East River. It is illuminated by a pair of dramatic light towers, and is partially sheltered by a cantilevered roof.