The announcement of Yankee Stadium as the site of the game was made by MLB Commissioner Bud Selig and New York City Mayor Michael Bloomberg on January 31, 2007, at New York's City Hall. Though it was the fourth game hosted at the Stadium and the eighth held in New York City, it was the first time since 1977 that the game had been played in the city (the last time also at Yankee Stadium). It had been speculated for months that the game would be held in Yankee Stadium, accelerated by the announcement that the 2008 season would be the 84th and final one for the stadium before the team moved into the new Yankee Stadium in 2009. Thus, it was seen as a fitting tribute to the old stadium that it host an All-Star Game in its final season. It was the first All-Star Game to be played in a venue scheduled to close after that season.

This limited edition Forever Collectibles Baltimore Orioles Statue of Liberty was produced for the 2008 MLB All-Star Game at Yankee Stadium in New York City. This statue includes its original box.

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