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Posted on 08/16/2007 5:39:43 PM PDT by Extremely Extreme Extremist
Open-Air Facility At Meadowlands Set For 2010 Opening
(CBS/AP) NEWARK -- The New York Giants and Jets closed deals Thursday for $1.3 billion in financing for a new stadium the NFL clubs are teaming to build.
"This represents another step forward in the completion of this exciting project," said Alice McGillion, a spokeswoman for New Meadowlands Stadium Corp.
Each team completed separate $650 million financing deals. CitiCorp is financing the Jets' portion, while investment banks Goldman Sachs and Lehman Brothers are financing the Giants' deal.
The teams got financing help earlier this year when NFL owners approved $300 million in loans to help finance the stadium work. The open-air facility at the Meadowlands Sports Complex is expected to open in 2010 and seat 82,500.
"We now look forward to finalizing all of the design plans so that we can deliver the best stadium experience possible to our fans and the state of New Jersey," McGillion said.
The teams expect a formal groundbreaking ceremony in September. Excavation work is already being done at the site, near the existing Giants Stadium.
The Giants also are building a 20-acre practice site near the new stadium, while the Jets are building practice facilities and corporate headquarters on 20 acres in Florham Park.
With the exception of a few seats on the aisles in the corners, the present Giants Stadium is really a great venue for football.
ML/NJ
So why are they still known as the NEW YORK Giants and Jets, when they play, and will continue to play in NEW JERSEY??
It’s false advertising!
I guess I am getting pretty old, I remember them building this place!
ML/NJ
You mean somebody is really going to build a sports stadium without sticking it to the tax payers.
It should be the Foxboro Patriots instead of the New England Patriots. Who are they trying to fool?
At least Foxboro is in New England!
I'm even older..I was there when David upset Goliath..really upset me..I had bet a ton on Goliath..
Well, I did in my screen name, but I was never accused of being the brightest blonde out there.
Lower tier end-zone seats are pretty horrendous too. I will be sad, though, to see the demise of the current stadium. I'm a season ticket holder and have been going to games there since '84. I'm very optimistic about the new venue, though.
I love them! I thought the best seats I ever had were in the 30th row right behind the east goalpost. (I had these for three years including the '86 Super Bowl season.) This was the first row that never got wet (29 usually didn't get wet) and the endzone view is simply the best because your sightlines are virtually the same as the ones the players have.
BTW, the problem with the corners isn't the view of the field, which is okay, but rather that if you have the aisle seat on the wrong side or the seat next to the aisle, the people who are are constantly going up and down the aisle block your view of the field.
ML/NJ
In a related story, Chad Pennington throws 2 Interceptions for TD’s in the 1st qtr against the Yikes!
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