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East Rutherford, N.J. - The Giants and the New Jersey Sports and Exposition Authority today reached an agreement in principle that resolves a long standing disagreement relative to the extent of renovations to be done to Giants Stadium and who would pay for them. The renovations - which will not require any new taxpayer dollars - make it possible for Giants Stadium to remain in contention as a potential Super Bowl host.
"We think it's a good deal for the state, certainly for the Giants and certainly for Giants fans, because it gives us a mechanism for renovating Giants Stadium and bringing it up to a state-of-the-art condition, without any taxpayer dollars being spent,"
- Giants COO John Mara
A memorandum of understanding, that will become the basis for a new lease arrangement keeping the Giants at Giants Stadium until 2026, will require the Giants to renovate Giants Stadium at their own expense while leaving management of and scheduling for non-NFL events with the NJSEA.
Charley Bins
Wiki User
∙ 15y agoEast Rutherford, N.J. - The Giants and the New Jersey Sports and Exposition Authority today reached an agreement in principle that resolves a long standing disagreement relative to the extent of renovations to be done to Giants Stadium and who would pay for them. The renovations - which will not require any new taxpayer dollars - make it possible for Giants Stadium to remain in contention as a potential Super Bowl host.
"We think it's a good deal for the state, certainly for the Giants and certainly for Giants fans, because it gives us a mechanism for renovating Giants Stadium and bringing it up to a state-of-the-art condition, without any taxpayer dollars being spent,"
- Giants COO John Mara
A memorandum of understanding, that will become the basis for a new lease arrangement keeping the Giants at Giants Stadium until 2026, will require the Giants to renovate Giants Stadium at their own expense while leaving management of and scheduling for non-NFL events with the NJSEA.
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