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New stadium at Big M

April 14, 2005

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It appears a new $750 million football stadium for the New York Giants will be built at the Meadowlands, possibly opening in time for the 2008 season. The agreement between the football team and the state of New Jersey is expected to be announced at a Thursday morning press conference, according to Associated Press.

A source close to the negotiations told The Associated Press that the deal was for 40 years, but included several options that could extend it to 98 years. It also called for the Giants to receive 75 acres of Meadowlands property _ the current stadium site is 28 acres _ and gives the team all money earned through the sale of naming rights.

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