Giants, New Jersey withdraw Super Bowl bid for 2008

Updated: October 16, 2003, 7:16 PM ET

EAST RUTHERFORD, New Jersey - The New York Giants and the New Jersey Sports and Exposition Authority announced Thursday they will withdraw from competition for the 2008 Super Bowl but will make a "far superior" bid for the event in 2009.

"We believe the renovation plans we have for Giants Stadium will make it more than Super Bowl ready by 2009," said Giants chief operating officer John Mara. "We do not currently have a definitive agreement or timeline that we can comfortably say will have the stadium at Super Bowl operating quality before then. We are convinced, however, that the bid we will offer for 2009 will be far superior to any bid we could make earlier."

Mara and New Jersey Sports and Exposition president George Zoffinger said the extra year will not only allow for more thorough renovations to Giants Stadium but would also allow for further planned developments around the facility.

"By 2009 the Meadowlands will look quite different," Zoffinger said. "The Xanadu Project surrounding the stadium, a new rail line from New York City, more hotels and entertainment venues, all will make the bid much more exciting and compelling for 2009."

The Giants and the NJSEA reached an agreement in principle last month that will transfer the renovation and operating responsibilities for pro football to the Giants.

The Giants and Washington Redskins bid for the 2008 Super Bowl last October at the NFL's fall meetings. For more than three decades, the NFL's premier event has been held in warm-weather cities or domed stadiums.

The Giants made their pitch for the 2008 Super Bowl, based on a proposed $200 million renovation of Giants Stadium, which would include enclosing the outside of the stadium to help shield against the wind and cold.

The 2004 Super Bowl is in Houston, followed by Jacksonville in 2005, the new domed stadium in Detroit in 2006 and Miami in 2007.

This story is from ESPN.com's automated news wire. Wire index