New Stadium Benefits Jets, Olympics
By Elizabeth Roth
A $1 billion dollar sports stadium on Manhattan's West Side is in the works and supported by Mayor Bloomberg, according to Daniel Doctoroff, New York's Deputy Mayor for Economic Development.
Doctoroff reports that the stadium would be an expansion of the Jacob Javits Convention Center. Building it could help bring both the Jets and the 2012 Olympics, for which New York is one of five finalists. It would hold 75,000 seats in 314,000 sq. feet and construction would probably start in 2005.
The stadium would feature a retractable roof, allowing it to be used for both indoor conventions as well as for staging the Olympics' opening. It would naturally host the Jets games in their proposed new home.
The location for the expansion is over the rail yards south of the existing Javits Center, between 29th street and 34th streets, over 11th and 12th avenues.
Jets Owner Robert Wood Johnson has indicated that he did, in fact, want to bring the team back to New York, and that he would throw 300 million dollars into the project.
Doctoroff also commented that the stadium was really a Javits Center expansion that would be usable for sports, and with everyone paying their share, it was an "essentially self-financing plan".
Specialists in the field have been saying for years that the Javits Convention Center must double in size for New York to remain competitive with other American cities. The decision on the Olympic front will be made in 2005.