EAST RUTHERFORD, N.J. (AP) New York Giants fans will watch their team play in a new $750 million stadium with a different name and added high-end seating under an agreement signed Thursday that officials say won't saddle taxpayers with extra debt.
The deal, reached by the team and the state after once-contentious negotiations, allows the team to build an 80,000-seat stadium in the Meadowlands. It is slated to open for the 2008 season.
The 40-year deal contains options that could extend it to 98 years. ''New Jersey is proud to make the Giants our home team today and for years to come,'' acting Gov. Richard J. Codey said during a news conference at the existing Giants Stadium, which will be razed once the new stadium opens.
Associated Press
The deal, reached by the team and the state after once-contentious negotiations, allows the team to build an 80,000-seat stadium in the Meadowlands. It is slated to open for the 2008 season.
The 40-year deal contains options that could extend it to 98 years. ''New Jersey is proud to make the Giants our home team today and for years to come,'' acting Gov. Richard J. Codey said during a news conference at the existing Giants Stadium, which will be razed once the new stadium opens.
Associated Press
