No New Stadium For New York

Lower Manhattan's bid for a new stadium suffers a fatal blow.

"The financial plan for a proposed West Side stadium was rejected by a key state panel today, appearing to end plans for the $2.2 billion project that had been the centerpiece of the city's bid for the 2012 Olympic Games and the proposed home of the New York Jets.

Representatives for Assembly Speaker Sheldon Silver and Senate Majority Leader Joseph L. Bruno abstained on the issue at a meeting of the state Public Authorities Control Board this afternoon; the abstentions were tantamount to a no vote because the financing plan required unanimous approval."

Thanks to Brenda Meyer

Full Story: New York State Board Rejects Plan to Fund West Side Stadium

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