[bedir than average]

NFL Owners Green-Light Jets-Giants Finance Plan

The Jets and Giants won unprecedented approval from the NFL on Tuesday to borrow as much as $715 million each to help them build their new stadium in East Rutherford, N.J., the cost of which is pegged at $1.6 billion —making it the most expensive stadium in U.S. history.

The league's owners, meeting in Phoenix this week, voted 31-1 to authorize both teams to borrow almost five times the $150 million a franchise is typically permitted under league rules and to carry the debt for as long as 25 years because of the high cost of building a stadium in the New York market.