where is the new york jets stadium located
MetLife Stadium MetLife Stadium is an American sports stadium located in East Rutherford, New Jersey. It is part of the Meadowlands Sports Complex and serves as the home stadium for two National Football League (NFL) franchises: the New York Giants and the New York Jets. The stadium is owned by the MetLife Stadium Company, a joint venture of the Giants and Jets, who jointly built the stadium using private funds on land owned by the New Jersey Sports and Exposition Authority. The stadium opened as New Meadowlands Stadium in 2010. In 2011, MetLife, an insurance company based in New York City, acquired the naming rights to the stadium. At a construction cost of approximately $1.6 billion, it is the most expensive stadium ever built[8] and is the second-largest stadium in the NFL in terms of seating capacity.
MetLife Stadium The two teams formed the New Meadowlands Stadium Company, LLC (now MetLife Stadium Company), a 50/50 joint venture, to build and operate the stadium. The two teams leased the parcel of land on which the stadium stands from the NJSEA for a 25-year term, with options to extend it which could eventually reach 97 years. After the 15th year of the lease, and every five years, hence; one of the 2 teams may opt out of the lease after giving the state 12 months notice. However, if one team leaves for a new stadium, the other team would have to remain for the remainder of the lease. Based on the teams' histories, this clause presumably allows the Jets to eventually decide they want to play in their own stadium and leave if they can find a way to finance it. However, the high cost of building and relocating to a new stadium makes this very unlikely (although the Jets have relocated their facilities to Florham Park, New Jersey). The teams also get parking revenue from the Meadowlands' western parking lots year round, even when there are no events at the stadium (this would occur when other parts of the Meadowlands host events).[22]