January 07, 2005
Giants stadium to leave NJ with Giants Stadium debt
Score one for "too good to be true." The Newark Star-Ledger reports that New Jersey Gov. Richard Codey's plan to let the New York Giants build a new stadium with their own money has a previously unrevealed catch: By allowing the team to walk away from their existing Giants Stadium lease and move into their own digs, Codey would be sticking the state with $117 million in outstanding debt on the 28-year-old building. New Jersey sports officials had been demanding that the Giants pay rent on the ground under their new stadium to retire the old debt, but apparently that would have been ... well, too good to be true.
Would that deal have any rammifications with the Metrostars stadium in Harrison?
Posted by Bertell Ollman on January 8, 2005 05:42 PM
Not that I can tell. (P.S. Bertell Ollman still wants his name back.)
Posted by Neil on January 8, 2005 09:05 PM
He can hive his name back when there is finally a groundbreaking in Harrison for the new Metrostars stadium. BTW, what century will this ground breaking take place ??
Posted by Bertell Ollman on January 10, 2005 01:31 AM
I really doubt that the real Bertell Ollman is to blame for the MetroStars' stadium delays. Unless you think that Jersey officials were inspired to back off on promises of public funding after playing the board game "Class Struggle."
Posted by Neil on January 10, 2005 04:58 PM