Jets new stadium update news 3/31 - Dallas Cowboys Forum

jksmith269 · 03-31-2005

I know this isn't dallas related exactly but if the stadium isn't opened by 2010 then Dallas is the front runner for the SB that year as the alternate....

Jets | New Stadium Costly for Taxpayers - from www.KFFL.com
Thu, 31 Mar 2005 10:35:14 -0800

The New York Daily News reports under the current plan of the New York Jets' new stadium, a platform must be built over the rail yards in order for development. While Cablevision has offered the MTA $400 million for the land, they plan to spend $350 million to build the platform necessary for development. The Jets originally offered $100 million and have now raised their offer to $280 million in real money, despite the $720 million figure that continues to be tossed around. However, the platform building for the Jets would come at the taxpayer expense. The city would put up $300 million and the state would put up $300 million, which does not include the $150 million the city will also need to put up for pedestrian walkways and the "game porch" that will allow people to get into the stadium. Mayor Michael Bloomberg is pushing for the stadium to go through, as he is pushing to land the 2012
Olympics.

Also ESPN bottom line is reporting the Transportation authority has approved the bid...... Does this mean they have the land and Construction can start?

Eddie · 03-31-2005

This is nonsense!!! How the heck is Eddie the Engineer going to see any of that money back? I'm up my in taxes, and they want me to shell out more for a freakin' stadium which they plan to use 8 times a year???

F ME!!!

jterrell · 03-31-2005

Quote:

Originally Posted by Eddie

This is nonsense!!! How the heck is Eddie the Engineer going to see any of that money back? I'm up my in taxes, and they want me to shell out more for a freakin' stadium which they plan to use 8 times a year???

F ME!!!

It will help you because Manhattan will reap a windfall in tax revenue from players. The city tax they charge NBA's is extreme income yet the nfl will play many games but has many more players on each team.

It will also help keep the land values through the roof.

Land values have been dropping since 9/11 and alot of companies are moving out of Manhattan.

New Yorkers hate this guy that has the development deal though.

M'Kevon · 03-31-2005

Quote:

Originally Posted by jterrell

It will help you because Manhattan will reap a windfall in tax revenue from players. The city tax they charge NBA's is extreme income yet the nfl will play many games but has many more players on each team.

It will also help keep the land values through the roof.

Land values have been dropping since 9/11 and alot of companies are moving out of Manhattan.

New Yorkers hate this guy that has the development deal though.

The tax revenue from the stadium will be a net loss due to the tax incentives the Jets would get from moving in.

Land values may increase, but considering Manhattan already had a high land value . . . it's not saying much.

As to land values dropping . . . um, specifically where?

I wouldn't worry about the stadium being built by 2010. The lawsuits are massing over the horizon.

Eddie · 03-31-2005

Where has the land values fallen in the 5 boroughs? Rent for a 1 bedroom apartment is almost $1200 in QUEENS ... I can't imagine what it is in Manhattan.

$600 million in taxes ... that's coming out of MY pocket. Where am I going to see this money??? For 8 lousy Jet games a year, they can play in the Meadowlands.