New York throws parade to honor Super Bowl champion Giants February 7, 2012 -- Updated 0729 GMT (1529 HKT) The parade will last an hour and a half The city expects up to a million people to attend It hopes the celebrations will add up to $38 million to city coffers (CNN) -- Sunny and 45 degrees. That's the weather for New York City Tuesday morning -- perfect for the thousands of residents who are expected to line city sidewalks to welcome home a Super Bowl winning team. The city has planned a ticker tape parade for the New York Giants, which beat the New England Patriots over the weekend on a last-minute touchdown. The 21-17 Super Bowl victory Sunday night was the fourth for the Giants and the second over New England. The Giants defeated the Patriots 17-14 in the 2008 title game. "Big Blue gave us a game to remember, and on Tuesday we're going to give them a parade to remember," said New York City Mayor Bloomberg. The hour-and-a-half long parade begins at 11 a.m. and winds its way up the Canyon of Heroes, which in years past has feted other victories, such as the New York Yankees' World Series championship. "When you look down the side streets, there's people forever down those side streets," said Giants coach Tom Coughlin at a news conference Monday. Between 500,000 and 1 million people are estimated to attend -- half of them out-of-towners, Bloomberg said. As a result, the celebration could add up to $38 million to city coffers, he said. The cost of the parade will be offset by corporate sponsors, he said. Once the parade ends, the mayor will present the Giants with the "keys to the city" at a City Hall ceremony. "After nearly missing the playoffs, the Giants have made history by becoming the first NFL team to win the Super Bowl after going 9-7 in the regular season," New York Gov. Andrew Cuomo said.