New York MTA Could Halt Stadium Plans

The Metropolitan Transportation Authority has decided that it is not going to deal exclusively with the New York Jets any longer. The agency, which owns the rights to the valuable property on the city's West Side that the Jets and the city has targeted for a new stadium, has begun accepting bids for the land. Whereas the Jets were going to pay $100 million for the land, Madison Square Garden has proposed paying $600 million for the land.

In a statement, the Jets said: "In the end, a Cablevision gimmick on the eve of the Olympic visit will not replace four years of planning and an agreement to build the world's greatest sports and convention center in New York City." State Assemblyman Richard Brodsky, a Democrat who has led Assembly hearings on the stadium proposal, praised the MTA's decision. "The Jets and Cablevision can now compete fair and square," Brodsky said. "May the best man win."

All proposals will be considered at a March 31 board meeting. Field of Schemes has more.

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