12-08-2006, 04:09 AM
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#1 (permalink)
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Member
Join Date: Nov 2006
Posts: 305
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$300 Million for New Stadium
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NEWARK, N.J. -- The New York Giants and Jets will receive $300 million in funding help from NFL owners for their new stadium at the Meadowlands.
The ballpark is projected to cost between $1.1 billion and $1.2 billion.
The owners approved the league stadium financing request, a loan, at the NFL owners meeting in Frisco, Texas, NFL spokesman Greg Aiello said.
The vote was 30-2 for stadium funding, with the Bills and Bengals dissenting.
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The teams are jointly financing the stadium, which is expected to open in 2010 and seat between 82,500 and 84,000. Construction is expected to begin next spring.
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NFL owners OK $300M for new Giants-Jets stadium |
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