NEW YORK, NY February 22, 2005 —The City's plans to build a stadium and convention center on the far West Side got more complicated the energy company, TransGas, says it will pay the Metropolitan Transportation Authority 700 million for development rights there.

That's 100 million more than the next highest bid from Cablevision.

In exchange for the much-needed money, TransGas wants the MTA to help the energy company get a site in Brooklyn to build a power plant, a site currently designated for beach volleyball in the city's 2012 Olympic bid.

Joining WNYC to talk about the TransGas bid is its president, Adam Victor.