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Proposed NYC Stadium Clears Major Hurdle
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| Contributor | Bob |
| Last Edited | Bob Mar 31, 2005 05:34pm |
| Category | News |
| News Date | Mar 31, 2005 05:00pm |
| Description | NEW YORK - A proposed $1.9 billion stadium designed to lure the 2012 Olympics to the city cleared its biggest hurdle yet Thursday, winning the blessing of the state agency that owns the land and handing a major victory to Mayor Michael Bloomberg.
The Metropolitan Transportation Authority board unanimously accepted a $720 million offer from the New York Jets to develop the site over a remote railyard on Manhattan's West Side, turning down two competing proposals worth more money.
The 75,000-seat stadium is backed by the city and state and would allow the Jets to play in New York for the first time in a quarter-century. The Jets currently play home games at Giants Stadium in East Rutherford, N.J.
Jets President Jay Cross said he hoped construction could begin in July, noting the NFL recently awarded the city the 2010 Super Bowl on the condition of a new stadium.
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