http://www.nj.com/news/jjournal/index.ssf?/base/news-0/1047294750241391.xml Here is some of the article... MetroStars getting closer to agreement on stadium Monday, March 10, 2003 By Rose Duger The Jersey Journal HARRISON - The town has hired a law firm to represent it in lease negotiations with Major League Soccer's MetroStars, who want to build a stadium in Harrison's 275-acre redevelopment zone. At a meeting Tuesday, elected officials adopted a resolution to hire Sarkisian, Florio & Kenny, a Hoboken firm, to hammer out final details of the deal with the MetroStars. Mayor Raymond J. McDonough said several other legal agreements must also be finalized before construction for the project can begin. Those deals include one between the town and the Advance Group, which plans to construct a mixed-use development including residences, street-level retail and parking decks adjacent to the Metro-Stars' stadium. Other deals to be completed include an agreement with the Hudson County Improvement Authority for financing of the stadium. "We're hoping we can get all of this accomplished within the next 90 days," McDonough said.
IF this stadium gets the go ahead, whose money are they using? Is it all AEG's money or is the city, county, or state chipping in any $ at this point?
sounds like AEG will front the money and then sign some licensing deals to pay for a good part of the construction. not to the extent they did in LA. but something simular in nature. i doubt they will get any state money at this point due to the budget crunch happening that has practically killed the YankeeNets stadium proposal. but i guess we will know in 60-90 days.