The Giants and Jets closed deals Thursday for $1.3 billion in financing for a new stadium the NFL clubs are teaming to build.
"This represents another step forward in the completion of this exciting project," said Alice McGillion, a spokeswoman for New Meadowlands Stadium Corp.
Each team completed separate $650 million financing deals. CitiCorp is financing the Jets' portion, while investment banks Goldman Sachs and Lehman Brothers are financing the Giants' deal.
Giants, Jets Close $1.3 Billion Financing Deal For New Stadium