and that's the key for me....the more sponsorship/ad dollars they can get, the less that will have to come out of my pocket........if this goes the Giants way...i see psl's
It's a Per Seat License. Think of it as "ownership of the seat" to some degree. You pay the PSL, a one time fee, which for the WSS was projected at around $5,000. By virtue of holding the PSL you have an interest in the seats, not only for jets events but for all events at the venue. I'm not sure if this means that you are always offered first crack at tickets, but it's probably close to it.
As I stated earlier in this thread, these kinds of things are to be expected in such a large joint venture. In todays article everyone is in love again.... http://www.northjersey.com/page.php...FRXl5Njk3MzQ4NiZ5cmlyeTdmNzE3Zjd2cWVlRUV5eTM= Giants, Jets working as a team on stadium Thursday, August 10, 2006 By JOHN BRENNAN STAFF WRITER The latest draft plan for a Meadowlands football stadium is a perfect expression of team equality -- the border atop each page is "New York Jets green," while the border below is "New York Giants blue." Such harmony hasn't been achieved yet for a stadium design -- or a price -- but a spokeswoman for New Meadowlands Stadium Co., a joint venture of the teams, said Wednesday those issues aren't jeopardizing the stadium's planned fall 2010 opening. "There are differences between the two teams as to the design submissions, of course, but all the critical mileposts on the timetable continue to be met," StadCo spokeswoman Alice McGillion said. Jets principal owner Woody Johnson agreed. "This is a very, very complex project, with a lot of moving parts," Johnson said. "At the end of the day, we are making decisions and moving the project forward pretty dramatically." Giants co-owner John Mara said the teams soon will enter a key series of negotiations. "The next few months are critical to the process," Mara said. "We'd all like this to go even faster, but there are a lot of design decisions that will have to be made." Johnson did acknowledge that "cost is an issue." Mara could be seen wincing last fall when Jets President Jay Cross said at a joint press conference that the ultimate price tag figured to be "north of $1 billion." An Aug. 1 goal for obtaining a firmer cost estimate for the new 82,500-seat facility has not been met. But McGillion said some preliminary figures have been obtained. The current plan called for a "schematic design phase" from March through July, followed by a "design development phase," which began last week and is supposed to conclude by Dec. 31. StadCo executive Mary Musca said during an environmental impact hearing in Lyndhurst last month she hoped to be able to offer greater detail on the stadium's design sometime this fall. Initial construction is scheduled to begin in July, once permits are obtained and utility work is complete. Carl Goldberg, the chairman of the New Jersey Sports and Exposition Authority, said a stadium ground lease currently is being reviewed by Governor Corzine's staff in Trenton. The sports authority board may give the lease preliminary approval next month, Goldberg added, with a final approval perhaps by the end of the year. "There have been times in the past when I've been critical of some of the stadium document submissions, but for some time now the submissions have all been comprehensive and first-rate," Goldberg said. "A partnership like this eventually takes a natural course toward concluding all the details." The revised master plan was released June 30. Almost a year earlier, the Giants had submitted their own master plan for an asymmetrical stadium that would have placed all 200 luxury suites and all 10,000 premium, or "club," seats on one side of the new stadium. The Jets, who have played at Giants Stadium for two decades, signed on last September as co-tenants for a new facility, which will have a neutral corporate name. The teams now have agreed to a more traditional bowl design. Another key difference in the two plans is that the Giants' new practice site will be placed at the far western end of the Meadowlands Sports Complex currently occupied by parking lots 13 and 17. The Giants had planned to put the practice site adjacent to the new stadium, but the Jets objected. The Jets will build their practice facility in Florham Park. The new plan also has 9,000 club seats, a reduction of 1,000. In both cases, a football Hall of Fame, team store and football-themed dining are planned as new in-stadium amenities. A pair of ancillary components totaling 520,000 square feet will be bisected by the new Pascack Valley rail link into the sports complex. Retail, restaurants, health and fitness areas, and a broadcast facility would be part of those additional sections of the stadium complex. This article contains material from The Associated Press.
and the tailgaters said that the WSS was expensive and cited that why it should not be built! LOL Johnson did acknowledge that "cost is an issue." Mara could be seen wincing last fall when Jets President Jay Cross said at a joint press conference that the ultimate price tag figured to be "north of $1 billion."
I'm a bit slow, but I still don't get your point here. I understand you think this plan sucks, and you would have preferred the WSS; everybody is entitled to an opinion. What I don't understand is you keep mentioning the price, as if this shared stadium is going to end up costing more than a stadium in NYC would have. That is simply not true. The original estimates from WSS were simply that, estimates. They would have been running into the same problems that this shared stadium is, exorbitant rise in costs for both steel and concrete, in addition to the energy costs causing many other industries to inflate prices. But the bottom line remains the same, this stadium in Jersey is going to be much cheaper for the teams because they are sharing the costs, and the price of the land is much cheaper (and that doesn't even begin to touch on the differences of union construction costs in NYC compared to NJ). Maybe I'm missing your point....
I hope this deal falls apart... I can't stand knowing that our stadium is going to be located in NJ... Poor management caused failure, end of story. www.newyorkjest.com
You are forgetting I think that the "north of 1 billion comment" is a SHARED espense of the 2 teams whereas "north of 1 billion" for the WSS would be entirely for the NYJs expense
Well I obviously have a different opinion than you, which is fine, but I don't have the energy for that debate anymore. But even though that site you mention is full of inaccuracies and innuendo, it does provide some good humor. I love the "Route 17 Joe" line.... :lol:
WRONG!!!! 600 - 800 Mill from the Jets... 400 - 600 in state and city aid. Steele firms were aching to help out along with many many others. Don't give me that bullshit. The bastard politicians viewed it as 8 + home games wasn't worth the stadium, but it was going to bring so much more to the city and state where an economic boom is VITAL. When asshole Silver denied state funding... thats when the Giants should have jumped in offering a partnership. IT MAKES SENSE!
And with this shared stadium we are going to be paying close to what we were out of our own pockets (Jets) with the WSS... up to 700 mil...
OK then if it all made sense as U posted then why did it not happen? Not enought Woody clout vs Cablevision clout? Some other reasons or Woody just decided he would make more $$$$$$ in NJ? I am sure now that Woody has committed to a TS in NJ the shared stadium is a done deal so why continue to cry over spilled milk?
It didn't happen because woody is an idiot and shoulda sold the team to someone who could have pulled the trigger! Read your sig for gods sake! What happened when NE owner wanted to move to hartford in 2000?? Look it up, I'm sure you will be suprised to find the results of that.
Baamf's points are correct. Let's be completely real here. Does anyone realize what the proposed WSS in the heart of New York City would have wound up costing? Anyone have a clue? If you think costs will rise on the Jersey side (north of $1 Billion), that's child's play. Multiply that by another half again. The WSS could have easily cost $1.5 Billion by the time it was complete, probably more, much more. Any kind of construction in Manhatten is brutal because the logistics of bringing in construction materials is a nightmare and the unions are so powerful that the labor to get it built is probably the most expensive in the country. You'd experience many more delays in construction in the city too, for any number of cockamamie reasons. And delays mean more in costs and interest expense. If Mara winced at "north of $1 Billion," it was all for show. He knows damned well that's still much cheaper when divided by two than anything he could have built himself. Anyone buying into the "wincing" story is just not financially savvy and doesn't understand the art of the deal. Mara and his father have always been cheap, tight-fisted bastards who live in a world of "tradition" and pompous arrogance. 20 years ago, Giants fans begged him to build the stadium with a dome on it. No dice, too expensive and not traditional enough. Stupid jackass probably winced at the price of his first ice cream cone when he was a kid: "Gee... two cents is a lot of money!" Truth is, I'd be very surprised (and so will Mara and Woody) if this stadium comes in anywhere south of $1.5 Billion when everything is finally complete and you take into consideration escalating costs of materials, financing and inflation between now and year 2010. Only a fool wouldn't see that. But even if it does cost $1.5 Billion (divided by the two teams), it's still only $750,000 apiece, which is still a far cry from what it would have cost each team to build their own. Given this, the Jets are right to push for the state-of-the-art facility they originally proposed. It should be nothing less, and the Jets do need to push the stodgy Giants ("traditional" stadium indeed!) as hard as they can on this. Sharing the costs enables both teams to have a showcase of a stadium they each can be proud of, one unequaled anywhere in the world. Why wouldn't the Giants want that, especially since the costs are shared? AND.... this will all still be possible now WITHOUT resorting to PSL's! This would not have been the case with the WSS, especially in regard to PSL's, which would have almost certainly been required. All of the above are the reasons why the WSS idea was a ridiculous idea from the git-go.
You do realize state and city funding was the reason we didn't get the WSS right? You can say they were the "Giants" in the WSS situation partnership wise. The Jets were only supposto fork over 600-800 Mil where tax and investors picked up the rest. People need to realize that we were NOT going to pay the 1.WHATEVER billion on the stadium. If the Jets weren't just a HOBBY for Woody and he actually cared about building a winning football team we would have had our stadium by now. We all have our own opinions but I'm just stating facts here. I did something about the fall of the WSS in my Bus. Law class and researching the details made me want to rip out woodys throat.
Green Dude, I understand your points, but when the price did indeed increase in the WSS plan, who do you think would pick up the extra chages? My guess, not the taxpayers or investers, most likely the Jets. This cost would have then been pushed back on the fans with increased PSLs, etc. The figure you stated that the Jets were supposed to pay was based on the original plans, I think that would have all changed by now. JMHO....
If you sit and think about it... why not ditch this deal and follow through with the WSS deal with the Giants involved. I just dont understand why they jumped on Jersey so fast. Giants involved = little or no tax dollars being needed. Why the hell not...
Sure woody would have had to fork over a little more money, isn't he a flabillionare? Baamf... there were investors salivating at the chance to fork over money to get this stadium build i.e. Steele comanies, LAW FIRMS, and many more MILLIONS of dollars from other sources... if woody didn't treat the Jets like a hobby we would have gotten this stadium. My mind is still boggled that the Giants didn't jump on the opportunity...
