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  • Giants, Jets Secure Funds For New Stadium

    08/16/2007 5:39:43 PM PDT · by Extremely Extreme Extremist · 13 replies · 286+ views
    WCBSTV.COM ^ | 16 AUGUST 2007 | WCBSTV.COM
    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...