Posted on 05/19/2005 7:02:28 AM PDT by KeyesPlease
With hopes dimming for their $2 billion dream stadium in Manhattan, the Jets are closing in on a 10-year extension to the team's lease at Giants Stadium, state officials said yesterday.
The new lease would firm up the Jets' right to remain in Giants Stadium until 2018, providing the team with a serious backup plan if its proposed West Side stadium project falls through. It also gives the team major leverage in upcoming talks with the Giants, who need the Jets' approval to build a $750 million stadium in the Meadowlands next to the existing one.
Carl Goldberg, chairman of the New Jersey Sports and Exposition Authority, the state agency that operates the Meadowlands, said the state viewed the lease extension as an olive branch to the Jets that would make it as easy as possible for the franchise to stay in New Jersey if it cannot reach a deal to build a stadium in New York.
(Excerpt) Read more at nj.com ...
Once again New York demonstrates its stupidity to the nation and the world.
The West Side Stadium idea is ridiculous. I'll vote against anyone who supports it.
I second that. The simple fact that the Unions and Al Sharpton want the West Side Stadium is enough for me to oppose it.
ff
don't get me started on my McNabb is overrated rants.
BTTT
I think its a great idea and will vote against anyone not supporting it. So there!
I support the stadium 100% if it is 100% private investment and no tax dollars.
I am a Jets fan and want to see them back in New York.
I have no desire to see a West Side Stadium unless the Jets want to pay for it.
Second bit of info. NYC is the only major city in America without a serious stadium. Third - just another example of New York's relentless and not so slow march into irrelevance.
I support the stadium 100% if it is 100% private investment and no tax dollars.
Make the Upper West Side Leftist Elites pay for the stadium. They love high taxes so what's the problem? They keep voting morons like Rangle, Schumer, Clinton, et al. The need to reap what they sow.
Gotta love welfare for millionaires and billionaires at the expense of taxpayers. (A great many of whom can no longer afford to actually attend games at these stadiums. If tickets are even available to them.)
Second bit of info. NYC is the only major city in America without a serious stadium.
If you exclude Yankee Stadium and Shea Stadium, both of which are slated to be re-built in the near future. Heck, The Meadowlands in the NY metro area (which will have a brand new stadium in 2010) is closer to Manhattan than a great many of the other major cities' stadiums.
Third - just another example of New York's relentless and not so slow march into irrelevance.
If the price of relevance is a $2 billion dollar stadium on the West Side at taxpayer expense, no thanks.
they want to put it over the train yards so no buildings will have to come down...
Ah the typical and automatic leftist argument. A modern stadium is a required infrastructure asset to a major city particularly one like NYC where tourism used to be the 2nd largest business. The lesson should have been learned by now, even by New Yorkers, that refusing to invest in infrastructure simply sends business and hence jobs elsewhere. And no one has managed that little trick better than New York. Major events go where there are facilities. The Olympics, the Super Bowl, and huge conventions can pump billions into a city. Besides the obvious hotel and restaurant business everyone down to street vendors benefits from convention goers with pockets full of cash to spend.
New York's facilites are too small, dated, and/or non-existent. Phoenix, Atlanta, Las Vegas, and even Baltimore already get more of the convention trade than New York does. Considering the general stupidity of New Yorkers that may be the plan. Get those nasty old businessmen out of New York with all their jobs and money.
If you exclude Yankee Stadium and Shea Stadium, both of which are slated to be re-built in the near future.
I do. Neither stadium nor the Meadowlands counts. None of those facilities are desined for large events other than ball games. More importantly, no convention or major event is going to come to New York City then send their crowds to the Bronx or Queens. Ain't gonna happen. New York City (and in this context that means Manhattan) does not have a stadium or even a real convention Center. Period.
For 60 years New York has unerringly made one stupid decision after another that has driven buiness and opportunities away. A major goof was made yesterday. Another, less well publicitzed, is coming soon. New York City is about to levy a surtax on financial transactions. The results will be flight from New York of financial institutions. Citibank is looking at moving their HQ to Charlotte, NC. The NASDAQ may move its operations to Virginia to NC.
Well, that deal is already blown, then. The Metropolitan Transit Authority, which receives tax dollars as subsidies, accepted the bid from the stadium developers for the site even though it was by far the lowest bid made.
At the end of the year, who is going to make up the money the MTA passed up on the sale of this property? Who is going to pay whatever it takes to keep the trains running? The MTA did not have to concern itself with the amount of the bids, because they know full well that the taxpayers will make up the difference.
So the taxpayer is already on the hook for several hundred million dollars, and the damn thing hasn't even been approved yet. Expect the trend to continue...
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