April 14, 2005
The Giants win the stadium! The Giants win the stadium!
Well, that didn't take long: Barely a week after the New York Giants sued the state of New Jersey over the collapse of stadium talks, the two parties have announced last night that they've agreed to a stadium deal. It's as yet a bit unclear how the two bones of contention - the future tax issue and the Xanadu issue - were resolved, though the New York Times does report that the Giants will still pay the entire $750 million stadium construction cost plus $6.3 million a year in rent payments, while the state will provide land, pay off $120 million in outstanding debt on the existing Giants Stadium, and pay for $30 to $40 million in infrstructure. A morning news conference is scheduled, so we should find out more then.
Posted by: Mike Hodson at April 15, 2005 09:23 AM
