Laptop Battery Acting Gov. Richard J. Codey, in a continuing personal effort to revitalize the sports complex in the Meadowlands, met with officials of the New York Giants on Wednesday to discuss the team's proposal to build its own new stadium there.
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Thinkpad Mr. Codey would not disclose any details of the meeting, his press secretary, Kelley Heck, said. But several participants, while also declining to discuss the negotiations, said they were productive and would resume soon after the New Year.
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Microsoft Carl J. Goldberg, the chairman of the New Jersey Sports and Exposition Authority and the state's lead negotiator, said, "I feel very strongly that there's the highest likelihood of coming to a successful conclusion."
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Laptop Computers Mr. Codey supports the Giants' proposal to replace its 28-year-old stadium at its own expense, estimated at $700 million, rather than renovating it as previously planned. The new stadium would be built on a parcel next to the old one.
Mr. Codey supports the Giants' old stadium at its own expense, estimated at $700 million, rather than renovating it as previously planned. The new stadium would be built on a parcel next to the old one.
Laptop Computer But the team and the state remain at odds over whether the Giants should continue to pay rent to the New Jersey Sports and Exposition Authority, the owner of the property. The Giants also want greater control over revenues, naming rights and off-season bookings, and are seeking a guarantee of 30,000 surface parking spaces during games.
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Desktop Computer Participants in the discussions denied earlier reports that the team was asking the state to issue construction bonds for the project, which would have made it more difficult to cede control over the stadium to the team.
Notebooks One participant in the discussions said that under the Giants' proposal the state would receive more in state taxes - which would increase considerably with new luxury suites, club seats, restaurants, concessions and retail sales - than it currently collects in rent from the team.
Lenovo While the Giants' lease does not expire until 2026, the team and the Sports Authority are eager to reach an agreement, especially since construction is to begin as early as next month on Meadowlands Xanadu, a huge retail and entertainment complex adjacent to the stadium.
Hard Drive The Xanadu project includes a 4,000-space parking deck on property that the Giants currently use for surface parking on game days. The parking deck is scheduled for construction as soon as the developers, the Mills Corporation and the Mack-Cali Realty Corporation, receive their one outstanding environmental permit, from the Army Corps of Engineers.
Travelstar By Laura Mansnerus and Richard Sandomir
New York Times - 12/23/2004
Topic: Meadowlands
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