Tuesday September 4th was a red letter day for the Jets, Giants, and the New Jersey Sports and Expsition Authority. The ground was broken on the site of the new stadium that will be shared by both NY teams. Currently the stadium is referred to as the "New Meadowlands, but the NJSEA and the Teams are working on a Naming Sponsorship that could Net close to 250 million dollars over the life of the agreement. For the average fan, the concern is weather or not they will be priced out by Personal Seat leases(PSL's). The new complex will feature a 100,000 square foot Tailgate plaza, improved access roads, a "Great Wall" of Colored panels that will be interchangeable for each team, and an additional 4,500 regular seats, plus 200 assorted luxury boxes.
The new Stadium will host at least 20 NFL games per season, more than any other stadium in the nation, as well as numerous other events ranging from college football to international soccer, concerts and more – as many as 80 a year, in addition to Giants and Jets games.
The groundbreaking ceremony was attended by New Jersey Governor Jon Corzine, State Senate President Richard Codey, New Jersey Sports and Exposition Authority Chairman Carl Goldberg, former Authority Chairman and current Rutgers Athletic Director Bob Mulcahy, NFL Commissioner Roger Goodell, plus Giants President and CEO John Mara, Giants Chairman and Executive Vice President Steve Tisch, and Jets Chairman and CEO Woody Johnson.