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Stadium would anchor 2012 Olympic bid

3/25/2004 - New York Jets

NEW YORK -- City and state officials announced a deal
Thursday for a $1.4 billion stadium on Manhattan's West Side that
would be home to the New York Jets and anchor New York's bid for
the 2012 Olympics.

"We will have a home to bring the Jets back from New Jersey,
and pro football back to New York City," Gov. George Pataki said
in making the proposal official.

The Jets, who now play at the Meadowlands in New Jersey, have
agreed to spend $800 million on the stadium, but the city and state
would have to kick in $600 million for a deck over the existing
rail yards, where the stadium is to be built, and a retractable
roof that will allow the facility to be used for concerts and trade
shows.

If New York gets the 2012 Olympics, the new stadium would be the
site of opening and closing ceremonies, Mayor Michael Bloomberg
said.

Despite strong support from Bloomberg and Pataki, the plan faces
major hurdles including an environmental review, zoning approvals
and probably lawsuits by neighborhood activists.

"It's not a plan for our neighborhood, it's a plan for the
Jets," said City Council member Christine Quinn, who represents
the area. "We will fight until we defeat this ill-conceived plan
for a stadium on the West Side."

The proposed stadium is part of the city's ambitious
redevelopment plan for the far West Side, which also includes
extending a subway line westward from Times Square.

The Jets currently share the Meadowlands with the New York
Giants. Their lease expires in 2008.

Officials also announced plans to nearly double the size of the
Jacob K. Javits Center next door at a cost of another $1.4 billion.
The center and the stadium would together form a "convention
corridor" stretching along 11th Avenue from 30th to 40th streets,
officials said.