Jets unveil plan for $1.2B stadium
March 1, 2003
NEW YORK -- The New York Jets unveiled their plan for a $1.2 billion stadium on Manhattan's West Side, complete with a retractable dome and seating for 85,000 fans.
The proposed facility is a key part of the city's bid for the 2012 Olympics.
According to Jets president Jay Cross, the new facility would host four major rock concerts per year, along with 10 football games and more than 150 other events. The stadium would also allow the city to compete as a possible host for the NCAA Final Four.
The Jets' current lease at Giants Stadium at the Meadowlands in New Jersey expires in 2008.