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EAST RUTHERFORD, N.J. (AP) - The New York Giants reached an agreement Wednesday with the state of New Jersey that will allow the NFL team to build a new $750 million stadium in the Meadowlands.
A news conference was scheduled for 11 a.m. EDT Thursday to announce details.
A source close to the negotiations told The Associated Press that the deal was for 40 years, but included several options that could extend it to 98 years. It also called for the Giants to receive 75 acres of Meadowlands property — the current stadium site is 28 acres — and gives the team all money earned through the sale of naming rights.
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