The Blowfish Owner takes a piece of NY Football

[Kentucky Jet]

The Miami Dolphins Take On A Piece Of New York Football TurfJune 8, 2010 - 7:43 pmShare

Lee IgelBio | Email

Lee Igel is an assistant professor at New York University.

Anyone who has flown into Newark-Liberty Airport in New Jersey during the past couple of years is likely to have noticed two things upon approach: the New York City skyline a few miles to the east and the Meadowlands complex to the immediate north. Within the Meadowlands are Giants Stadium and its successor facility, the without-naming-rights-as-of-yet New Meadowlands Stadium almost next to the airport. And on the same plot of land lies a 2.3-million square foot, outlandishly colored entertainment-retail complex. While the New York Giants and New York Jets created a partnership to build the new stadium and will host the 2014 Super Bowl, the entertainment-retail complex was developed by outside investors whose myriad construction and financial issues led to it being taken over last month by Stephen Ross, the chairman of Related Properties and owner of the Miami Dolphins.

Ross is leading an as-yet-to-be-celebrated overhaul of the Dolphins, their stadium, and the surrounding area. That the Dolphins now effectively have some footprint in Giants and Jets country is a twist deserving of a smirk or a chuckle. Of course, there is no real danger of the Dolphins building-up their presence in the New York market and peeling-off Giants or Jets fans. But that Ross will deploy anywhere from $500 million to upwards of $750 million to develop the project, on top of the nearly $2 billion spent thus far by previous developers, could be a boon to both New York football franchises. Their marketing plans include exploiting the

[Larz]

ross invested in xanadu ?

:rl:

[Greenranger]

First the Dolphins and now Xanadu? Shows how smart he is.