Federal Court Is the Next Stop for Jets Stadium
Posted: Fri Mar 18, 2005 12:35 am
The Jets have begun a suit against Cablevision / Madison Square Garden to block CV/MSG from buying the land that the Jets want New York City to give them for a new football stadium.
By the numbers:
- 60,000 Jets fans are being deprived of their right to a new stadium by
- 8 million New Yorkers (oh, sorry, I forgot that these things always drag in some state funding...add more millions of New Yorkers) who refuse to pay
- $1.7 billion for a stadium-gift to the poor Jetsies
- and thereby deny themselves "tens of millions" in taxes each year, which would
- at a rate of $20 million tax dollars per year, pay for itself in only 150 years. The Jets Stadium would be a great investment.
- and provide "thousands" of permanent jobs as stadium ushers?
Who wants the new stadium? The Jets, the construction companies, and the construction unions. Free money to build something. Mayor Bloomberg, for reasons that aren't very clear, except that it might allow Super Bowl 2010 in New York, adding about zero to the tourist dollars (it's not like the city is empty)
Who opposes the Jets? The City Council, just about any elected representative, and just about anyone who pays taxes.
Is this similar to the Nats and MLB asking the District to help build a new baseball park? Somewhat, except that the Jets stadium will sit on land that will certainly redevelop itself. That's capitalism, I think.
Full story at:
http://www.nytimes.com/2005/03/17/nyreg ... &position=
"At a time when Cablevision's own business is in disarray, it is clear that its intentions are solely to prevent the Jets from developing an arena that could compete with Cablevision's monopolies," Mr. Boies said, "and in doing so, placed in jeopardy Jet fans' rights to have a home field, hundreds of millions of dollars of tax revenue for New York City and thousands of jobs for New Yorkers."
[snip]
The Jets and Mayor Michael R. Bloomberg's administration contend that the $1.7 billion stadium, the cornerstone of the city's bid for the 2012 Olympic Games, would create thousands of permanent jobs and generate tens of millions of dollars a year in taxes.
By the numbers:
- 60,000 Jets fans are being deprived of their right to a new stadium by
- 8 million New Yorkers (oh, sorry, I forgot that these things always drag in some state funding...add more millions of New Yorkers) who refuse to pay
- $1.7 billion for a stadium-gift to the poor Jetsies
- and thereby deny themselves "tens of millions" in taxes each year, which would
- at a rate of $20 million tax dollars per year, pay for itself in only 150 years. The Jets Stadium would be a great investment.
- and provide "thousands" of permanent jobs as stadium ushers?
Who wants the new stadium? The Jets, the construction companies, and the construction unions. Free money to build something. Mayor Bloomberg, for reasons that aren't very clear, except that it might allow Super Bowl 2010 in New York, adding about zero to the tourist dollars (it's not like the city is empty)
Who opposes the Jets? The City Council, just about any elected representative, and just about anyone who pays taxes.
Is this similar to the Nats and MLB asking the District to help build a new baseball park? Somewhat, except that the Jets stadium will sit on land that will certainly redevelop itself. That's capitalism, I think.
Full story at:
http://www.nytimes.com/2005/03/17/nyreg ... &position=