THE BRONX - Thousands of die-hard Yankee fans descended on the team's new $1.5 billion stadium for its formal opening Thursday.

The last time a Yankee Stadium opened, Babe Ruth starred and the ballpark quickly became the house he built. Eighty-six years later, a new Yankee Stadium made its debut.

Ultimately, the day ended on a down note as the home team lost to the Cleveland Indians. But fans say there are plenty of games left to make new memories at the stadium.

AP wire services were used in this report.

For an inside look at the new stadium, click the NEXT button below the video player.