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Old 18.02.2005, 07:11 PM
jamllew's Avatar
jamllew jamllew is offline
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Join Date: 04.09.2003
Posts: 342
Default Re:New York Jets Thread

I think it looks OK, I just feel that we might just only see pictures of it. From what I understand, NJ is giving the Giants a pretty nice deal to keep them in the state, I don't think that having the Jets contribute would be that beneficial at all to the Giants.

News report from the AP

Jets, Giants eye new stadiums


EAST RUTHERFORD, N.J. (AP) - Acting Gov. Richard J. Codey met for the first time with the New York Jets on Wednesday and asked them to stay in New Jersey, while his chief counsel met with the New York Giants in an attempt to iron out a deal on a new stadium.

The two-pronged discussion was an attempt to forestall the Jets' plans to move to a proposed stadium on the West Side of Manhattan, and an effort to help the Giants build a stadium to replace one that is among the oldest for NFL teams. While appreciative of Codey's concern, the Jets said they are committed to building their own stadium in New York, said George Zoffinger, the chief executive of the New Jersey Sports and Exposition Authority.

"It was a very cordial meeting," Zoffinger said of the 90-minute meeting held in the authority's offices at the Meadowlands Racetrack. "The governor made clear that he would like the Jets to stay in New Jersey."

Jets spokesman Ron Colangelo said Matt Higgins was handling all Jets' comments on the meeting. Higgins did not immediately return a telephone message left on his cell phone.

Meanwhile, Codey's chief counsel, Paul Fader, met for several hours Wednesday with Giants officials at their offices in Giants Stadium.

Kelley Heck, the governor's spokeswoman, said that meeting "continued to make progress toward an agreement." She said Codey and the Giants will resume the discussions next week.

The Giants are concerned about the impact of the Xanadu retail and entertainment development proposed for the Meadowlands complex on their plans for a new $700 million US stadium.

Giants executive vice president John Mara said Tuesday the team will insist that Xanadu businesses be closed on days of home games. He said having Xanadu open on game days would create a parking nightmare for fans attending games.

Mara insisted that an agreement needs to be reached quickly if the Giants are to open their new stadium for the 2008 season.

The Giants want to replace their existing stadium to reap more revenue from luxury boxes and concessions and to add premium club seating.

In addition to building the stadium, the team has reportedly agreed to pay the state $6.3 million a year in rent and payments instead of taxes. That amount would allow the sports authority to cover interest payments on the existing Giants Stadium, a requirement set by Codey.

Other tenants of the Meadowlands complex also are planning to leave. The new owner of the New Jersey Nets, who play at Continental Airlines Arena, plans to build an arena in Brooklyn, N.Y., and the New Jersey Devils are planning a move from the arena to a new venue in downtown Newark.
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