The New Jersey Sports and Exhibition Authority's proposed
Meadowlands 2000 project, a $265M entertainment and retail
complex, could risk losing the Giants, according to Steve Hirsch
of the Bergen RECORD. Giants Exec VP John Mara said the team has
"serious concerns about the traffic impact of the proposed
Meadowlands Entertainment Pavilion." Although the team signed
lease extension that will not expire until 2026, Mara said
there's a clause that "nullifies the extension if the state
proceeds with the project without satisfying the team." Mara
will meet with NJSEA President Robert Mulcahy to discuss a
compromise. Mulcahy cites "stagnant racetrack income and costly
lease negotiations with the Giants, Devils, and Nets have left
the authority no choice but to pursue new revenue opportunities."
Mara said he was sensitive to the authority's needs but feels he
has to protect the fans' concerns over traffic. The Jets lease
runs through 2008 but Hirsh notes "constant speculation" on
whether the team will be sold and return to either Queens or Long
Island. Jets President Steve Gutman said "the team intends to
honor its lease but shares the Giants concerns" (Bergen RECORD,
8/17).
