It will be a fitting sign-off to the venue which closes at the end of the 2008 season.
George Steinbrenner, the team's long time principal owner said: “It is always a great honour for a team's home stadium to serve as host for the All-Star Game, and the Yankees are proud and delighted to have been selected for the honor in 2008.
“It will be one of many historic moments in the 2008 season as we say goodbye to a great facility.”
The new Yankee Stadium, to be built across the street from the existing venue, is slated to open in 2009.
