Jets Sign Deal to Stay at Meadowlands

The New York Jets will not be returning to the five boroughs... at least not for the next 99 years. The team has signed a deal with the Giants and the State of New Jersey to stay at the Meadowlands. WNYC's Dan Blumberg reports.

With the stroke of a pen, Governor Richard Codey sealed a deal that has been years in the making and has fallen apart several times. Together, the Giants and Jets will build a new stadium that will have about 80,000 seats. It'll cost about $800 million dollars and should be ready by 2009. The stadium does not yet have a name, but, given the joint operation, it will not be called Giants Stadium.

The deal gives the Giants what they've long been after -- a new, modern stadium in New Jersey. The Jets, on the other hand, are getting their second or perhaps even third choice. The team spent millions on its failed effort to build a West Side stadium.

It seems now the team has calculated that taking Governor Codey's enthusiastic welcome was a safer bet than trying to convince city lawmakers to let it build on Queens parkland. For WNYC, I'm Dan Blumberg.