NJ Sweetens Stadium Offer To NY Giants

Codey, a sports enthusiast, has made a new Giants Stadium a priority since taking office Nov. 15. The Giants, meanwhile, are eager to review various sites near the current stadium and develop architectural renderings that will keep them on schedule for a transition to the new facility in 2008.

We’ve posted on the Giants deal before – here and here. If the Sports and Exposition Authority negotiators have sweetened the deal to the Giants, we are really being rooked.

New Jersey is staring at a $4 Billion budget shortfall and a new stadium for a New York football team is a priority? Yea, we know the Giants have been playing their home games in New Jersey for 28 years, but for some reason they call themselves the New York Giants.

Would someone please explain to us why the government gets involved in the entertainment business? Did you ever notice the taxpayers never get in on the money making side of these deals, we are always on the money spending side? What’s in it for the New Jersey taxpayer? The prestige of having a football team bare the name of our state? Strike that bit of physic income; it’s the New York Giants.

If building a new stadium was a good financial investment, the private sector would be jumping at the chance to get in on the deal. This is not happening and for good reason – it’s a losing proposition. Do no let anyone try to convince you the stadium won’t cost the taxpayers any money. People will be making money on this deal and it won’t be the State.

Now, exactly why do the Giants need a stadium or the Devils a new arena? New Jersey already owns a world class ice hockey arena and a football stadium. The teams don’t “need” new venues, they “want” new digs so they can make more money. What happens if the teams don’t get what they want? They’ll move? We’re willing to take the risk.