Jets Bid Articles

jake · 2005-03-22
Jets Bid Articles

[quote]The Jets' share of the bid is $280 million. The team's partners will fork over the additional $440 million for excess development rights that they can use to build larger projects than zoning permits in neighboring areas.[/quote]
http://www.nypost.com/news/regionalnews/42973.htm

jake · 2005-03-22
Jets Bid Articles


http://cbsnewyork.com/topstories/topstoriesny_story_080075439.html

jake · 2005-03-22
Jets Bid Articles


http://www.nj.com/news/ledger/jersey/index.ssf?/base/news-9/1111471961300180.xml

jake · 2005-03-22
Jets Bid Articles

Even if the Jets win the auction for the development rights, the team still faces a number of hurdles. The project requires approval by the state Public Authorities Review Board, controlled by Gov. George E. Pataki and the leaders of the Senate and Assembly. Stadium opponents on the City Council and in the State Legislature are also moving to prevent Mayor Bloomberg from subsidizing the stadium by diverting tens of millions of dollar in real estate payments funds that normally flow into the city's operating budget. But according to one executive who has been briefed on the Jets' offer, the team is willing to sign a guarantee that it will build a platform over the railyards regardless of whether it gets a promised $600 million from the city and the state.

http://www.nytimes.com/2005/03/22/nyregion/22stadium.html Jake

jake · 2005-03-22
Jets Bid Articles

The two rejected bidders, World Network International Services and Missak Financial, were disqualified because they did not have a $25,000 proposal deposit, among other reasons, MTA spokesman Tom Kelly said.
Jake
http://abcnews.go.com/Sports/wireStory?id=602933

jake · 2005-03-22
Jets Bid Articles


http://money.cnn.com/2005/03/22/news/fortune500/jets_stadium.reut/

jake · 2005-03-22
Jets Bid Articles

[quote]NEW YORK (AP) - The New York Jets offered a dramatically increased $720 million bid for the rights to build a football stadium in Manhattan's far West Side that is key to the city's bid for the 2012 Olympics. Metropolitan Transportation Authority officials, who hope to make a decision by March 31, said Monday they received a total of five offers for the property three blocks west of Madison Square Garden before bidding ended. But two bidders were immediately disqualified.[/quote]
http://www.wjla.com/news/stories/0305/215171.html