DWinzit
December-8th-2006, 06:07 AM
Too bad the Jets stadium plans in NYC fell through. It would have been nice to have one of these teams play in NY.
The article states the $300M is a loan. If so, why would to of the small market teams cast dissenting votes?
NFL owners OK $300M for new Giants-Jets stadium
ESPN.com news services
click for full link- http://sports.espn.go.com/nfl/news/story?id=2690151
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
"It's absolutely important to have a world-class facility in the No. 1 market for the NFL," commissioner Roger Goodell said after the meeting. "In New York, there's a lot of competing facilities being built, and it's important for us to keep up with the other sports in the New York area."
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.
"They all recognize the importance of having a modern facility in the largest media market in the world," Johnson said from an airport in Texas after attending the meeting. "They voted for the league."
Johnson said the vote was "almost unanimous" and described it as a "vote of confidence from the other league owners."
"This modern and technologically advanced stadium will bring about a new excitement for football in the region and throughout the league, and be a showcase for the grandeur and fun that NFL gamedays offer," the two said.
The owners also approved a $42.5 million loan for renovations of Arrowhead Stadium, home of the Kansas City Chiefs.
The article states the $300M is a loan. If so, why would to of the small market teams cast dissenting votes?
NFL owners OK $300M for new Giants-Jets stadium
ESPN.com news services
click for full link- http://sports.espn.go.com/nfl/news/story?id=2690151
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
"It's absolutely important to have a world-class facility in the No. 1 market for the NFL," commissioner Roger Goodell said after the meeting. "In New York, there's a lot of competing facilities being built, and it's important for us to keep up with the other sports in the New York area."
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.
"They all recognize the importance of having a modern facility in the largest media market in the world," Johnson said from an airport in Texas after attending the meeting. "They voted for the league."
Johnson said the vote was "almost unanimous" and described it as a "vote of confidence from the other league owners."
"This modern and technologically advanced stadium will bring about a new excitement for football in the region and throughout the league, and be a showcase for the grandeur and fun that NFL gamedays offer," the two said.
The owners also approved a $42.5 million loan for renovations of Arrowhead Stadium, home of the Kansas City Chiefs.