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Jets-Giants Finance Plan Green-Lighted by NFL owners


JetNation

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The Jets and Giants won unprecedented approval from the NFL on Tuesday to borrow as much as $715 million each to help them build their new stadium in East Rutherford, N.J., the cost of which is pegged at $1.6 billion —making it the most expensive stadium in U.S. history.The league's owners, meeting in Phoenix this week, voted 31-1 to authorize both teams to borrow almost five times the ...

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