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September 30, 2005
Jets, Giants strike Jersey stadium deal
It's official: The New York Jets and Giants have signed an agreement to share an $800 million stadium to be built in the New Jersey Meadowlands. The announcement, made yesterday, finally puts a stake through the heart of five years of talk of the Jets moving to a city-subsidized stadium in New York City.
Under the terms of the deal, the two teams will be responsible for all construction costs of the stadium; NFL rules allow them to apply for as much as $300 million in league funds to help out. The state of New Jersey will kick in 75 acres of free land for the stadium complex, and 40 acres for new practice facilities for the two teams, plus $30 million for road improvements and $120 million to pay off existing debt on Giants Stadium, which would be demolished. Previous reports had the Giants paying the state $6.3 million a year in rent, which would at least defray some of the costs; I've been unable to ascertain what the rent will be in a two-team stadium, or whether the state will share in such things as naming-rights proceeds or concessions and parking.
There has been talk of adding a $200 million retractable roof so that the stadium can play host to Super Bowls, but that seems unlikely now, since the Jets and Giants would gain little from it, and New Jersey Gov. Richard Codey insisted yesterday: "The current design is roof-ready, but the state will not pay one penny for it." New Jersey sports authority chief George Zoffinger, who had criticized the Giants deal as too costly for the state, said yesterday that a roof could allow the state to bring in moneymaking events like the NCAA Final Four - can't argue with that - but that it's too expensive for the state to pay for - or that - and concluded that there could yet be a coming battle between the state and the teams over the roof issue. But then, New Jersey's greatest sage could have told you that.
Is there any chance that the City of New York can demand that "New York" be dropped from the official name of both the Giants and Jets?
Posted by Bertell Ollman on September 30, 2005 03:13 PMHaving seen the Los Angeles Angels of Anaheim ordeal, I think the Jets and Giants could play in Delaware and still claim the New York name. Although rooting for the New York Jets of New Jersey would be fun.
Posted by Mase on September 30, 2005 04:28 PMKeep the name New York Jets and change the New York Giants name to New Jersey Giants.
Posted by Daniel on October 3, 2005 05:57 PMWhy whould the Jets get to keep the NY name when no part of their organization is located in NY after the completion of the new stadium?
Posted by Bertell Ollman on October 3, 2005 10:09 PMHere's an interesting Idea:
If The Giants/Jets really want a retractable roof
- Would it not make sense to borrow $200 Million
From the NFL and repay the loan on an
annual $50 million fee ? - That way everything
would be payed for by the time the stadium is
built.
Posted by Emmanuel Constant on October 4, 2005 05:48 PMYou could actually repay a $200 million loan at about $25 million a year over 20-30 years (unless the NFL is a bigger loan shark than I thought). But even so, why would the Jets and Giants want to spend $25 million a year on a retractable roof? It's not like fans will be willing to spend an extra $25 million a year on tickets just so they can leave their coats in the car.
Posted by Neil on October 5, 2005 12:06 AMWith The Giants & The Jets as Partners - Why not
have a 3rd partner in the stadium ownership ?
Vincent Kennedy McMahan ( owner of The WWE ) -
With his multibillion dollar business , he would
have more than enough to help the teams build an
Allianz Arena type of stadium with a retractable
roof. With this kind of a complex - It would be
the ultamate setting for all sorts big time
sporting events like the Superbowl, NCAA College
Basketball, WWE SummerSlam, NO-WAY-OUT,
Unforgiven, Even WRESTLEMANIA - not to mention
World Cup Soccer etc. With football season only
taking about 25% percent of the season, Mr.
McMahan will be able to use 75% percent of the
year to draw some substancial revenue to this
stadium complex for years to come - Therefore it
stands to reason with a shared partnership and
revenue between The Giants, The Jets, and The
WWE, nobody would have a reason to say no. The
Jersey Meadowlands could end up becomming the
best sports complex ever and probably the most
profitable.
Posted by Emmanuel Constant on October 6, 2005 09:47 PMWith The Giants & The Jets as Partners - Why not
have a 3rd partner in the stadium ownership ?
Vincent Kennedy McMahan ( owner of The WWE ) -
With his multibillion dollar business , he would
have more than enough to help the teams build an
Allianz Arena type of stadium with a retractable
roof. With this kind of a complex - It would be
the ultamate setting for all sorts big time
sporting events like the Superbowl, NCAA Final
Four, WWE SummerSlam, NO-WAY-OUT,
Unforgiven, Even WRESTLEMANIA - not to mention
World Cup Soccer etc. With football season only
taking about 25% percent of the season, Mr.
McMahan will be able to use 75% percent of the
year to draw some substancial revenue to this
stadium complex for years to come - Therefore it
stands to reason with a shared partnership and
revenue between The Giants, The Jets, and The
WWE, nobody would have a reason to say no. The
Jersey Meadowlands could end up becomming the
best sports complex ever and probably the most
profitable.
Posted by Emmanuel Constant on October 6, 2005 09:52 PMAs far as I know, the Allianz Arena in Munich does not have a retractable roof, just a roof covering the stands in the stadium, not the actual pitch (playing fielf for you yanks). Most European stadiums have a roof covering the supporters in the stands, but not the players on the field. But you did bring up 1 interesting point. With the Metrostars moving to a 25, 000 stadium in Harrison, NJ in 2007, what will the soccer status be at the new NFL stadium? Will the Metrostars lure all international and World Cup Qualifiers games to Harrison, or will some of the bigger games that can guarantee an 80, 000 seat sellout take place at the new NFL stadium. Does Neil have any inside ino on this?
Posted by Bertell Ollman on October 7, 2005 03:43 AMI haven't heard anything about soccer at the NFL stadium, no, but it makes sense that the Jets and Giants would want to book international soccer matches if possible, to raise revenue. Come to think of it, have the NFL teams said what kind of field surface they'll be using?
Posted by Neil on October 7, 2005 08:17 AMWhen the Jets were planning their Manhootan shindig, they proposed having European soccer matches fill some summer dates. Obviously that plan is scuttled. Would the Metrostars actually own the territorial rights for international soccer games through either AEG or SUM? The thought of the G's and J's having to purchase the rights to host a soccer game at their new NFL stadium is intriguing. And I would imagine that field turf would be the choice for the new NFL stadium. The old Giants groundscrew argument that soccer was messing up the grass field and not the Giants and Jets was assinine.
Posted by Bertell Ollman on October 7, 2005 05:11 PMIf The NY Jets can afford to spend $1.6billion
of their own money for a westside stadium
with a retractable roof in New York, How is it
possible that they cannot afford to spend the
same amount in The Jersey Meadowlands ?
Posted by Lena on October 7, 2005 10:52 PMIf either The Giants or The Jets were to play
well enough to draw a sell-out crowd through out
the entire season this year, host and
win a wild-card in the playoffs - would that not
put them in a position where they could build
enough revenue to be able to afford a
retractable roof to their new stadium ?
Posted by Jeannie on October 7, 2005 11:35 PMThe New York Times have written an article
indicating that The New York Jets Do Not Want a
retractable roof to the new stadium. Is there any
truth to that story ? (if so - why not?)
Posted by Felicia on October 8, 2005 12:09 AM1) The Jets weren't going to pay for the retractable roof in New York, the state and city were. 2) Woody Johnson could probably afford to pay for a retractable roof with the interest on his checking account, but what's in it for him to do so? It wouldn't make him any extra money.
Posted by Neil on October 8, 2005 02:13 AMGood point - But Just Remmember, The Jets are not
a very good cold weather football team in the
month of December. Having the R-roof can make a
big difference in the many years ahead in how
many times The Jets can make the play-offs by
at least one or two games. That might be reason
enough for Woody Johnson to consider it.
Posted by Felicia on October 8, 2005 04:16 PMAll I know is that if a retractable roof is not
built, no matter what kind of luxery is put into
this stadium - It just wouldn't be that much
better than the current Giants Stadium. As a
matter of fact - they can add luxury seats to the
stands, extend the restaraunts, and add a Hall of
Fame to it. It still would not be any different
than a whole new stadium altogether. They can
even rename it "Giants and Jets Stadoum."
So what's the point in wasting time and money
on a whole new stadium ? Will it draw that much
more revenue ? Can it make the cold weather in
Metro New York any easier to take ? Can it
ensure any real chance of any SUPERBOWLS or NCAA
Final Four events ? Can it bring any real chance
of the summer Olympics ?
Face the facts - Without a retractable roof to
the new stadium, It just won't have any real
massive appeal to the future - unless they
consider the idea of building a stadium with
the same construction setting of The Allianz
Arena. At least it would be a stadium that
would work with revolutionary lights, Otherwise
what's the point ? What's the real difference
between a greatly improved Giants Stadium and
a new open air stadium ?
Posted by Emmanuel Constant on October 8, 2005 06:48 PMI'm finding this a little late, but as an admittedly biased Giants fan, living 10 minutes away from GIANTS Stadium -bias made me caps it- I am of the belief that a Jets home stadium built ANYWHERE else would be terrific. In fact, maybe the outfield of Shea is available? And the name change from NY to NJ for the Giants would be something I'd like to see personally. Sharing has gone on for long enough, but I suppose it could continue, as long as we remember whose name is shining in big blue letters at night.
That's my biggest concern though. I just don't want the corporate beings who seem to corrupt everything to rename/name a new stadium Tampax, Viaga, Preparation H, etc. stadium, and steal the beauty that is GIANTS Stadium.
Posted by Pops on October 9, 2005 10:56 AMI am of the beleif that the Giants should be sharing the outfield of Yankee Stadium..... but then again.... they USED to be a NY team.
Posted by Bertell Ollman on October 9, 2005 05:24 PMLet's put an end to the arguement to the
retractable roof issue once and for all before it
becomes a bigger problem than it's worth.
I've just found out from a recent
article of The Star Ledger,
According to Mara - Paul Tagliabue has made it
clear that he would allow the teams $300 Million
Funding from the League. That will more than
pay for a retractable roof plus start up
construction costs. If The Giants and Jets take
full advantage of it, They'll have no excuses
for not having a retractable roof on the new
stadium on opening day. With that being the
case, it is more likely than not the teams
will have that retractable roof. With any luck,
They might not even need to sell naming rights
to the stadium. Maybe they WILL end up calling
it "GIANTS and JETS Stadium"
Posted by Emmanuel Constant on October 10, 2005 12:07 AMThat $300m is already slated for stadium construction costs, pre-roof. The teams have made eminently clear that they don't want to pay for a roof with their own or league funds.
Posted by Neil on October 10, 2005 04:15 AMForget the retractable roof. It's a dumb idea anyway. But how about a roof covering the supporters in the stands much like the beloved Allienz Arena in Munich?
Posted by Bertell Ollman on October 10, 2005 11:43 AMNo way the retractable roof is a dumb idea, and
I'll tell you why. If you would recall some time
in the mid-Late 90's there were some problems
concerning snow in the stands during a Giants
game and people where throwing snowballs all over
the place including on certain members of the
visiting team, all because of the result of the
grounds crew that didn't do their job in clearing
the snow. one guy was arrested for it. It caused
alot of problems as a result of it. If they
don't get the retractable roof, What's to stop
other problems just like it from occering in
the future ?
Posted by Jeannie on October 10, 2005 06:02 PMI totally agree, but that's not the only type of
problems life without a retractable roof has
caused life in The Meadowlands. In recent years
the field had to be changed from time to time.
Why ? - because every now and then when football
season ends and the heavy part of the snowy
winter season passes through - certain parts of
the field gets dammaged from time to time, which
makes it nececcary to replace it. Replacing a
football field every so often is very expensive.
At least if they had a retractable roof - they
would have something to protect the field during
the off season - which would guarantee they
would end up saving a fortune in the 99-year
long run. When you really think about it you
realize the money spent on a retractable roof
is not much in comparison to how much money that
can be saved by not having to change the field
every so often for all the years ahead. So what
it really comes down to is with or without the
retractable roof there's going to be a heavy
price to pay. If you were a smart business
man/woman you'd rather pay a big price now then
be forced to pay a bigger price in the long run.
Posted by Felicia on October 10, 2005 06:48 PMI think you've hit the nail right on the head
with that point. Don't forget - 2 years ago The
Giants, The Jets and other teams have suffered
alot of injuries as a result of the hard part of
the icey fields to their stadiums especially The
New York Giants which just goes to prove that
it makes perfect sense to build a retractable
roof on all cold weather NFL cities.
Posted by Emmanuel on October 10, 2005 07:10 PMAmerican Football is a fall / winter sport. Get over it.
The English football fields do allright exposed to the elements after 25 or so home games a year.
Posted by Bertell Ollman on October 11, 2005 12:47 AMMaybe the Englishmen may not mind being stupid
enough to injure themselves without protection
in football, soccer or even Australian football,
But I happen to think those people are 100%
right. What does it take to open your eyes ?
Eli Manning breaking his ankle and suffering a
career ending injury in the month of Janurary ?
I just don't think it's worth it. God forbid
it should ever happen but one wrong step in the
wrong place at the wrong time and he could be
gone just like that.
Granted - Cold Weather is meant to be a part of
football, but who says that the risk of career
ending injuries to young promising players has
to be ?
If a retractable dome can help avoid most
injuries from a winter harden field - I'm all
for it. At least it gives the options of
playing cold weather football when opened and
still keep the field well proteceted during the
off season when it's closed - and it guarantees
the benefiets of big events and more revenue.
retractable dome stadiums are made to last
forever, regular open air stadiums are not.
once a retractable roof stadium is built the
teams would never have to worry about spending
big money on another stadium ever again. Can the
same be said for an open air stadium after
99 years ?
Posted by Kane on October 11, 2005 02:33 AMYou made some good points Kane. I don't think
there's ever been an opnen air stadium that has
ever lasted that long without wearing out.
Think about this Mr.Olman. If you think a
retractable roof stadium is expensive now -
Imagine how expensive it will really be to pay
for an open air stadium 99 years from today with
the price of land on the rise every year.
Posted by Lena on October 11, 2005 03:27 AMThere is zero evidence to support the argument that open-air stadiums "wear out" faster than roofed ones. If anything, all the moving parts required for a retractable roof are likely to require replacement, or at least expensive maintenance, far sooner - anyone here familiar with a little debacle called Stade Olympique?
Posted by Neil on October 11, 2005 09:46 AMAside from some nasty earthquakes and WWII, the Roman (outdoor) Colliseum has lasted over 1, 000 years. Granted it's not in perfect condition, but I would offer a guarantee, that had the Colliseum been properly maintained every year during this past millenia, it would still be in very good condition. The point being, there is ZERO proff that a stadium with a retractable roof lasts any longer than an outdoor stadium. I would argue that the outdoor stadium is even stronger than a stadium with a retractable roof (though I don't have proof either way). All I'm saying is that if the best stadium in the world is the Allienz Arena according to the other posters on this thread, than surely the new NFL meadowlands stadium should have a roof covering the supporters in the stands. What a noble concept, protect the paying customer from the nasty elements. And btw, do you really think that because the Giants and Jets signed a 99 year lease means that the stadium will last that long? HA! I'll give that new stadium 20 or 30 years before it comes down as well in favor of a 1960's retro stadium for NFL and MLB. Neil knows the deal.
Posted by Bertell Ollman on October 11, 2005 11:59 AMGranted - There is no proof that retractable
roof stadiums can last longer than open air
stadiums or vice versa - But there is history of
evidence that proves that the fields of a
retractable roof stadium can outlast the fields
of an open air stadium, therefore saving bigtime
revnue in the long run not having to replace
them from time to time.
When is the last time the field of any
retractable roof stadium had to be replaced
for any reason what-so-ever ? If the fields can
last longer odds are the stadium probably will
too.
You cannot argue with cold hard facts. New York
Yankees, Minnesota Twins, Minnesota Vikings,
Dallas Cowboys, Indiannapolis Colts, and Arizona
Cardinals all have plans on building
retacableroof stadiums. why ?!-Because they all
understand the values of protecting the fields
during the off season. The Giants and Jets have
made it clear that they too will have thier
stadium construction design to fit a retractable
roof in case they do raise the funds to pay for
it. If a retractable dome stadium is not all
it's cracked up to be then why are so many
teams between Baseball and Football buildng them
these days ?
Posted by Lena on October 11, 2005 08:08 PMI Totally agree. Look at Rogers Centre
(The Skye Dome) in Toronto. A retractable dome
Stadium that's been around since 1989 and it's
every bit as good a condition now as it was
when it was first built. If that stadium stands
the test of time chances are it's a much better
stadium than most people ever gave it credit
for.
Posted by Jeannie on October 11, 2005 09:01 PMThankfully, the Yankees are no longer considering a retractable roof stadium. And just because other teams are considering one doesn't exactly make it the better option. I personally think the better option is to look at stadiums like the new Wembley, Emirates Stadium, and yes the Allienz arena. The will be class stadiums with perfect grass fields with ample roof coverage for the fans. MLB and NFL teams are lining up for retractable roof stadiums because for the most part, they do not have to pay for it. Either the city or state is. The Giants and Jets will be paying for their new stadium, thus they are suddenly backing off and their plans for the retractable roof.And the purpose of the new retractable roofs is not to protect the turf. That's bullocks. It's to make additional money for the team when they are playing a home game (concerts, etc.). Not hard to figure out.
Posted by Bertell Ollman on October 12, 2005 01:52 AMFirst of all it has not yet been made official
on weather or not the teams have completly given
up on the retractable roof. They only decided
not to include it in the plans for now. It will
really depend on alot of things. Like how much
they can really get for naming rights, If the
teams can make the post season with home field
advantage this year, If either team is good
enough to win the Superbowl, what kind of
business deals they can make with the Xanadu,
expanding the sales of their merchandice etc.
All of this combined may be a longshot-But not
impossible.
Woody Johnson might be willing to spend a good
part of his money if he thought for one minute
he and his team could profit from the
investment. Even if he said he wouldn't, Just
remember - He made a stronger vow earlier this
year that he would never consider bringing his
Jets to Queens, Because of his foolish pride
concerning The NY Mets, and just before making
the deal with Mara he came within an eyelab of
considering the deal for the Corna Park area.
It just goes to show anything is possible.
and lastly if you really know that retractable
roofs are made for creating higher revenue for
the teams because of the would be big events,
than you cannot deny that it's really a better
investment because it's more profitable.
Posted by Emmanuel on October 12, 2005 05:56 AMI agree - Whats the point in making any kind of
investment to any stadium if the teams are not
going to be in a position to get the most out of
it ?
Posted by Lena on October 12, 2005 06:12 AMThat's pretty much what it really comes down to.
If The Giants and The Jets really are looking
to get Top Revenue from their new stadium, Then
a retractable roof is a MUST.
Posted by Kane on October 12, 2005 06:35 AMKeep in mind that it already has been established
that as long as Cody is in office,New Jersey
tax payers won't pay one red cent for this
stadium - But come election day the new Governer
might consider using some of the tax dollars
just to pay for the retractable roof.
Posted by Felicia on October 12, 2005 04:18 PMI'll say it again: Retractable roofs will increase your revenue, but nowhere near enough to pay for themselves. (They'd need to generate an additional $20 million a year or so to do so - that's an awful lot of concerts.) Building one to boost your revenues is like buying a Hummer so that you can drive to a supermarket that has tunafish at ten cents less per can.
Posted by Neil on October 12, 2005 04:27 PMWith the Retractable Roof it will attract more
than concerts. It will be a regular stop for
the Superbowl. Don't you realize that with 7
Superbowls, 3 World Cup Soccer Tournaments, and
1 Summer Olympic season, as well as the Concerts
withen the 99 year period - It would more than
pay for the retractable roof and then some.
Posted by Jeannie on October 12, 2005 06:45 PMDon't forget to include The NCAA Final Four
with that list along with The Giants and Jets
home games. That too will help more than pay for
the retractable roof.
Posted by Felicia on October 12, 2005 07:57 PMIf you get either a Super Bowl, a Final Four, or a World Cup once every three years (which is optimistic), then you'd need $60m per event to break even. There's no way any of those events pay $60m in rent to the hosting team.
Posted by Neil on October 13, 2005 12:09 AMRegarding World Cup soccer (qualifiers, friendlies, etc..), FIFA prefers that they are played on outdoor grass fields. World Cup '94 saw the only ever World Cup game to be played indoors (Detroit). FIFA also mandates that all new stadiums that host the World Cup Finals must provide shading (IE roof over the stands) for at least 60% of the supporters. In the United States, there are very few games that will draw enough people on a consistent basis to warrant being played indoors. USA vs Mexico will sellout wherever it's played, roof or no roof.
Posted by Bertell Ollman on October 13, 2005 01:08 AMWho says that the new stadium would need to host
the big events every 3 years. They can host them
once every decade along with the Concerts and
home games. You take the revenue on all of them
combined and there's a good chance The Giants
and Jets could raise over $20Million every 10
years throughout the 99 year term, and that
would just about pay for the retractable roof.
If they're lucky enough to host at least one
season of the Summer Olympics - That would insure
it.
Posted by Kane on October 13, 2005 02:23 AMYou've really been suckered into the beleif of a 99 year lease haven't you. You say.... "Who says that the new stadium would need to host the big events every 3 years. They can host them once every decade along with the Concerts and home games." I say... "You've now lost any justification for a retractable roof by only hosting big events once a decade." Bad business model, therefore no retractable roof. Build a partial roof just covering the stands and off you go.
Posted by Bertell Ollman on October 13, 2005 03:28 AMYou just don't get it do you? Let me explain this
step by step so you understand. They don't
necessarally have to guarantee hosting them only
once every decade but hosting once or twice on
certain decades, For example let's say they
get the roof and have the events. They can get
The Superbowl twice in 6 decades and once on 4,
And the same for the NCAA Final Four along with
The World Cup Soccer Tournament. With ticket
Prices being what they are - (slowly on the rise)
This will all pay for the roof and slowly create
profits along the way. Do the Math. With the
Retractable Roof costing $200Million, raising
over
$20Million once or twice every decade will pay
for it by the time the 99year term is half over.
From there it's nothing but
full speed ahead in higher revenue with a
Paid in Full retractable roof. The Concert
revenues from time to time will make it that
much easier. There's no guarantee The Giants
and Jets home games revenue would even be
affected by the pay off.
Posted by Kane on October 13, 2005 05:35 PMWhen you put it that way, it seems like The
Giants and Jets have nothing to lose. You're
right about the rising costs of tickets - I
didn't even realize that until you mentioned it.
Ticket prices do go up roof or no roof. If fans
are going to pay more in the future, They might
as well get the most out of it. If a retractable
roof can give them that - Then so be it. That's
reason enough to get it at any cost.
Posted by Emmanuel on October 13, 2005 08:24 PMI can't argue with you on that. Look at The
Packers situation in Green Bay. They have a
complete outdoor stadium and they don't easily
have sell out crowds during some of the coldest
winter games, And as a result they end up losing
revenue - Proof positive that cold weather NFL
cities should have retractable roof stadiums.
Posted by Lena on October 13, 2005 10:35 PMThat's true Lena and when ticket prices go
higher - They will end up losing even more
revenue in the Future. Sooner or later the folks
of Green Bay will be begging The Mayor for a
retractable roof stadium. They can go on kidding
themselves all they want saying they love the
cold, But sooner or later reality is bound to
catch up to them.
Posted by Felicia on October 13, 2005 10:50 PMI Agree - If they really do love cold weather
in Lambaeu Field - Why don't they show up for the
games ? Alot of people say they love cold weather
football, But how many of them can honestly say
they would love to go to a cold weather football
game in an open air stadium in Minnesota ?
Posted by Jeannie on October 13, 2005 11:02 PMIf you are going to accuse the Acme Meat Packing Company fans of not showing up for games during the cold weather, I'd like to see some evidential numbers please.... And the USA does not have a chance of hosting the World Cup finals tournament until 2022. 2006 is in Germany. 2010 is in South Afrika. 2014 will be in South America (Brazil). 2018 will be somewhere in Europe (England). 2022 will be an open slot for the USA to bid on. However if you are referring to Wolrd Cup Qualifying games and international friendlies, then yes, but certainly don't expect that to pay for the $200 million roof. What is sad though is that you continue to cite the fact that a 99 year lease will be face value. Building a $200 million retractable roof and then expecting to pay for it through ticket sales of future events 4 decades down the road..... well then.....now that's some good capitalistic logic.....
Posted by Bertell Ollman on October 14, 2005 03:31 AMYou want logic - I'll give you logic. Let's look
at this from all sides. The Main Reason any team
from any sport builds a retractable roof stadium
is to build higher revenue with big events,
It would save a fortune in the long run not
having to keep changing the damaged feilds from
weather condition from time to time. It certainly
would make it a more comfortable setting for
fans and players. It would have Concerts
more comfortably there rather than small arenas.
Retractable roof stadiums can even hold
Conventions. It would be ideal for hosting The
Olympics. Corperate companies would pay more for
naming rights.
Now let's look at it from the other side. why
wouldn't teams want a retractable dome ? Some
teams live in a warm and steady climate on the
west-coast or sunny Florida. They cannot afford
it. Some teams like cold weather. From here
that's basically it. No matter how you look at
it - There are more reasons to say YES to the
retractable roof then there is to say NO, But
the biggest of all is the higher revenues, and
that usually makes the difference. The Giants
and Jets may not be able to afford it for now,
But that doesn't mean they're giving up on it.
There are certain possibilities - For example Woody
Johnson has money to pay for a retractable roof,
But what's in it for him ? The Giants could
probably find a way to make some kind of a deal
with him. Governer Cody won't allow tax payers
to pay for it, But with Election
day around the corner - The new Governer might
have other ideas, Especially if he knows what
a retractable roof means to The Garden State.
Those possibilities may be a long shot, But
there might be other possibilities we may not
be aware of that could surface at anytime.
Don't count The R-Roof out.
Posted by Kane on October 14, 2005 06:34 AM"Do the Math. With the Retractable Roof costing $200Million, raising over $20Million once or twice every decade will pay for it by the time the 99year term is half over." Um, no, because you're forgetting interest. Even if a bank would give you a 99-year mortgage (they won't), at 6% interest you'd need to make annual payments of ... let's see, fire up Excel ... $12m a year. A more reasonable 30-year loan would cost $14.5m/year at 6%.
Posted by Neil on October 14, 2005 01:56 PMWell people I'll say this: The Future of the new
Stadium will depend on what the design will be.
If Mara had it his way The Giants and Jets would
build an Allianz Arena type of stadium with the
Added demension of the retractable roof instead
of a roof that just covers the fans. That would
be unique. It would also make it possible for
The World Cup and other big event to make
regular stops here as well as any other place.
If Paul Tagliabue Likes the idea of such a
stadium being built, He might consider allowing
the teams to fund an extra $200-$300Million
from the
league to make it possible, And that would put
an end to all arguments. Two things do work in
the teams favor as far as their chances are
concerned. Taglaibue is a fan of retractable
roof stadiums, And he was impressed with the
technology of The Allianz Arena every bit as much as
Mara was. Some things have way of taking a
surprising twist in future developments and this
would be as good as any.
Posted by Emmanuel on October 14, 2005 05:43 PMI have to admit - With or without the retractable
roof it would be great for the league to have
at least one NFL city to build a stadium with
that kind of technology. That would be reason
enough for the league to put up the extra money.
Posted by Lena on October 14, 2005 05:58 PMI don't think the league will GIVE that money
away, But the teams coud get a lone from either
the bank or the league. If The Giants and Jets
could each pay two and a half million
every month for 4 years beginning in
January, That would amount to the full
$200Million
plus $40 million in intrest. In this case,
If they can afford to do at least that much-
The retractable roof should be fully paid off
by the time the stadium is built in 2009.
Posted by Emmanuel on October 14, 2005 11:47 PMIs there a link to an article somewhere that states that Mara was impressed with the Allienz Arena in Munich ? Just curious....
Posted by Bertell Ollman on October 15, 2005 12:40 AMYES - Look in the Article of The North Jersey
Media Group - Written by John Brennan on June 21,
2005. It's right there - You can't miss it.
I think it's titled Stadium for Giants and Jets.
Posted by Emmanuel on October 15, 2005 01:17 AMI made an Error - It's Titled "Stadium Makes Two
Teams Feel at Right Home"
Posted by Emmanuel on October 15, 2005 01:39 AMSorry Error in wording - "Stadium Makes Two
Teams Feel Right At Home"
Posted by Emmanuel on October 15, 2005 01:47 AMI've seen that article, It's in the sports
section. If you would like to contact Brennan to
find out more E-Mail - Brennan@NorthJersey.com
Posted by Lena on October 15, 2005 05:45 AMI Like your Idea Emmanuel about The Giants and
Jets each Paying two and a half million every
month to pay for the retractable roof. I did the
math on that and it adds up to
to excactly $240 Million within 4 years time.
From the way it totals up neither The League or
The Bank would have any reason to turn down
the teams for a loan, So what it all comes down
to is - Can both teams really afford to pay
two and a half million dollars each on a monthly
basis for the next 4 years ?
Posted by Felicia on October 15, 2005 06:47 PMI would say odds are the answer is YES because
the rent of the current Giants Stadium has been
lowerd considerably for both teams. The Real
Question is can they really build an Allianz
Arena type of stadium ?
Posted by Jeannie on October 15, 2005 07:23 PMAll of you keep talking about the Allienze Arena as a model for the new NFL stadium for the Giants and Jets, but keep in mind that the Allienz Arena has no retractable roof. Just a roof covering the supporters in the stands.........
Posted by Bertell Ollman on October 16, 2005 12:42 AMWE KNOW - We've known that all along - we're
just talking about the possibilities of an
Allianz Arena type Stadium with the half roof
replaced by a retractable roof - which would
make it better than the original Allianz Arena.
Posted by Jeannie on October 16, 2005 05:50 AMYou have to admit - Something like that shining
in the Jersey Meadowlands would make it by far
The Greatest Stadium in Sports History.
Posted by Felicia on October 16, 2005 06:15 AMIt would be ideal for ANY big corperate company
to want to spend big revenue for naming rights
for. You just can't go wrong building a stadium
like that.
Posted by Lena on October 16, 2005 06:27 AMThe Teams represent New York - Which happens to
be the one city where people are paying the
highest bills and taxes than any body on the
planet, And that gives them the right to expect
the best of everything in sports and everything
else. If a stadium with revolutionary lights
AND a retractable roof can insure the best
stadium ever - Then they are intitled to it, Even
if it IS across the hudson in New Jersey.
Posted by Kane on October 16, 2005 10:10 PMThe teams represent New Jersey as they pay all of their TAXES to New Jersey starting in 2007 when the Jets move their HQ from LI to NJ.
Posted by Bertell Ollman on October 17, 2005 01:21 AMAre You trying to tell me that the teams will
finally be named after New Jersey in 2007 ?
Posted by Kane on October 17, 2005 05:15 AMThey should be. What taxes and economic benefits will the Giants and Jets bring to New York City or State after 2007? Both the Giants and Jets will have their HQ's in New Jersey, thus paying taxes to the State of NJ.
Posted by Bertell Ollman on October 17, 2005 07:01 PMI Agree - New York had every oppertunity to bring
The Jets to the West Side, But turned them down.
Even if they were able to build them a stadium
in Queens, There's just no guarantee a Queens
stadium would have been built in the form of a
Sports & Convention Center. Odds are it would
have been a plain open air stadium. With the
New Mets Stadium being built in Flushing and
The Olympic Village developing in Hunters Point,
placing a football stadium in the middle of it
all would have made the traffic on the west side
of the Queens Borough a little too tight anyway. It's
better this way - New Jersey deserves a chance
at greatness in the sports scene, And having 2
New Jersey teams sharing a revolutionary lighted
stadium with an added demension of a retractable
roof is the best place to start.
Posted by Emmanuel on October 17, 2005 11:59 PMAssuming that all this is done for New Jersey -
Where does that leave New York ?
Posted by Kane on October 18, 2005 12:43 AMNew York doesn't really deserve to have the teams
because the never really acted like they really
wanted them to begin with. They had 2 chances
to bring The Jets to home and they blew it, And
before The Giants resigned with New Jersey-
They never really made John Mara any offers.
New York will either be left without a team or
somewhere down the line they might consider
getting an expansion team and build them a
stadium in either Yonkers or Long Island.
Posted by Lena on October 18, 2005 01:12 AMNew York doesn't really deserve to have the teams
because they never really acted like they really
wanted them to begin with. They had 2 chances
to bring The Jets to home and they blew it, And
before The Giants resigned with New Jersey-
They never really made John Mara any offers.
New York will either be left without a team or
somewhere down the line they might consider
getting an expansion team and build them a
stadium in either Yonkers or Long Island.
Posted by Lena on October 18, 2005 01:19 AMNYC doesn't deserve an NFL team because the Jets tried to hold them hostage with a $2 billion stadium plan which would have crippled NYC finances? HA! Love it! And the Jets were not really considering FMP in Queens. it was propoganda to get a better deal in Jersey, and Bloomberg knew this. If the Jets gave 2 sh!ts about their supposed fanbase of Queens and Nassau...... but they obviously don't, telling them to essentially f@ck off twice. And no I am not a bitter Jets fan.... But I see it for what it is. And no NYC is not EVER getting an NFL expansion team. Seriously. MLS yes. NFL now. And the only way for the Giants to come back to NYC would be for a 2$2 Billion stadium paid for by NYC, ala the Jets plan. NYC made the wise financial decision. Is it odd that NYC doesn't have a world class 80, 000 seat stadium? Sure it is. But the finances of the deal would have been horrible for NYC. We had a world class 80, 000 seat stadium in the 1920's though......
Posted by Bertell Ollman on October 19, 2005 02:17 PMPersonally - I Think if the teams are going to
have some association with both cities, They
should be named after both cities
(NY/NJ GIANTS and NY/NJ Jets) - This way it's
fair to everyone, Otherwise just give the teams
to New Jersey all the way.
Posted by Lena on October 21, 2005 07:58 PMThe Metrostars dropped the NY/NJ moniker after 2 seasons because everyone hated. The name of the city/state on your shirt should be the name of the city/state you pay taxes to. If socialists like myself understand this, why can't capitalists pigs like yourself do the same? :-)
Posted by Bertell Ollman on October 23, 2005 02:34 AMThere's no need to be nasty. It's not really fair
to compare the NFL teams to The Soccer team,
Because it's 2 different sports. What's wrong
for one may not be wrong for the other. As far
as the tax payers are concerned - Who do you
think payed for the offices of the teams in
New York ? The Jets may be moving their offices
from Long Island to New Jersey, But The Giants
offices remains in Manhattan - At least for now.
Posted by Emmanuel on October 23, 2005 10:50 PMWho's being nasty? I even included an "internet smiley face" above...... Where is the Giants HQ in Manhootan? I was led to beleive that their HQ was actually located at Giants STadium.
Posted by Bertell Ollman on October 24, 2005 12:25 AMJust teasing about the nasty :-)
Their Main office HQ IS at Giants Stadium - But
They also have an office in Manhattan. I'm not
sure where, But I've seen it written in one of
the articles a few months ago. Don't ask me
which newspaper it was, All I know is that IT
WAS written.
Posted by Emmanuel on October 24, 2005 04:43 PMHow about the East Rutherford Giants and East Rutherford Jets. And let's not stop there...how about the Landover Redskins, Orchard Park Bills and Irving Cowboys.
Unfortunately, it's not the state or city that you play in, it's the "TV" market that rules. So much for home town pride.
Posted by Mattyb on October 24, 2005 07:41 PMAnd for Bertell Ollman...get a life...only in New Jersey would they pay $130 million to keep two football teams that belong to NYC. How ignominious is that...Keep ranting all you want about where taxes are paid or whatever. Remember, it has been, and always will be, NEW YORK Giants and NEW YORK Jets. I don't like it either, but that's the way it is.
Posted by mattyb on October 24, 2005 07:46 PMIf you do not like it, then do not accept it. That's what Coporate Amerika depends on, your acceptance of what is offered to you. It will only stay the way it is if you are complacent about it. Complacency is what a coporation such as the NYG and NYJ expects from its consumers (fans, supporters).
Posted by Bertell Ollman on October 25, 2005 12:03 AMI've read some the things you people talked about
on the stadium retractable roof issues and I have
to admit - You've all presented some pretty good
arguements on the matter, However - When you
consider all the facts - The Teams, The State,
and The NJSEA all want the retractable roof,
But nobody really wants it for a $200-M price.
Paul Tagliabue and The NFL are willing to fund
$300-M and chances are the teams will use it to
pay for the roof anyway and whatevers left will
help pay for other construction cost. Why else
would The Giants and Jets design the new stadium
to fit a retractable roof ?
Personally - I don't think they really need a
new
stadium. What's wrong with the current Giants
Stadium anyway ?
Unless they really want a stadium WITH the roof
spending revenue like that is nothing more
than a pathetic waste of time money.
Posted by Carlito on October 26, 2005 05:13 AMThe only stadium that really needs to be built in the state of New Jersey will be located in the city of Harrison, across the Passaic river from Newark.
Posted by Bertell Ollman on October 26, 2005 08:24 PMWhen you put it that way Carlito it's hard to
really guarantee that there won't be a
retractable roof to the new stadium. Keep in
mind The Giants and Jets are paying $400 Million
each. and if the League funds as much
as $300 Million - That puts them very much in
a position to pay for an $800 Million stadium
WITH a $200 Million retractable roof with
enough left over to pay off the intrest. The sale
of naming rights to pay for starting
construction cost will make it that much easier,
Therefore - It may only be a matter of time
before the retractable roof is made official.
Posted by Emmanuel on October 26, 2005 08:50 PMMaybe it's just me, But does anyone really think
that it's fair for one NFL city to get a $300-M
from the league knowing that others usually get
no more than $150-M ?
Posted by Carlito on October 28, 2005 09:22 PMI see no reason why it isn't. We are talking
about 2 teams in 1 stadium. Plus the fact that
Building a stadium in Metro New York is more
expensive than it is in most Areas. They
practically need the extra revenue just to break
even with the rest.
Posted by Lena on October 28, 2005 09:31 PMLena's right. Although building 1 stadium is less
expensive than 2, Paul Tagliabue is in the right
to allow the teams to fund $300 Million just to
insure both their needs.
Posted by Emmanuel on November 6, 2005 09:30 PMTo put it more plainly - If a stadium is going
to be built to serve the needs of 2 teams,
They'll need to double the league funds just to make it
work.
At least they'll have the option on choosing to
use it to pay for a retractable roof.
Posted by Lena on November 7, 2005 07:12 PMIn any case I agree that if
a new stadium IS going to be built - It SHOULD
include a retractable roof. The reason is simple.
There are so many ways to improve on the current
Giants Stadium and make it compatable with other
World Class Stadiums - It practically makes
building a new open-air stadium pointless. What
would be the difference between a greatly
improved Giants Stadium and a new State of the
Art open air Stadium ? Answer - "ZERO" unless
they have plans to build an Allianz Arena type
stadium, Otherwise they should just pay for an
$800-Million Stadium and use the $300-Million
league money to pay for the roof, Pure and
simple.
Posted by Carlito on November 12, 2005 12:11 PMI don't think you'll get an arguement
Carlito. It's simple, it's practical, and it
makes perfect sense, and like I said - The
sale of naming rights to pay for start up
construction costs will make it that much
easier.
Posted by Emmanuel on November 17, 2005 12:14 PM