Jets & Giants to Borrow 1.4 Billion for Stadium
Bloomberg reports the the plan to move forward with the stadium is set for a 1.4 billion dollar loan for the Jets and Giants.
The teams plan to break ground in May on the stadium, Cross said. The project, estimated to cost at least $1.4 billion, will be built near their current home, Giants Stadium, and is scheduled to open in 2010. The two teams agreed to split the cost after the Jets were unable to secure funding for a stadium on Manhattan's West Side.NFL Permits Giants, Jets to Borrow $1.4 Billion at Bloomberg (www.bloomberg.com)















