03/18/2010 05:12 am ET | Updated May 25, 2011

Canyon Of Heroes Parade Route: Yankees To Get Ticker Tape Parade On Friday

For the first time in 9 years, the Yankees are getting a raucous ticker-tape parade -- and it's going to be a costly event.

The parade is set to start at Broadway and Battery Place and will run up through the Canyon of Heroes to Chambers Street. Mayor Bloomberg will present the team with keys to the city in a ceremony at City Hall Plaza.

Exactly how much the parade will cost has not been released, but the Daily News estimates that last year's parade for the Giants cost the city and private donors about $330,000.

"What's sweeter than a World Series won at home? The only thing that comes close is a ticker-tape parade up the Canyon of Heroes, and that's exactly what New Yorkers will get on Friday," said Mayor Bloomberg.

The parade will be free and open to the public, which can view everything from Broadway's sidewalks. A large screen will be set up near City Hall Park for fans to watch the mayor's ceremony.