Jets and Giants to build private stadium

I read a story that made my day.

The cost of the new football stadium the New York Giants and New York Jets will jointly build in the Meadowlands likely will top $1 billion.

Owners of both teams filed preliminary site plans Monday for the new 81,000-seat stadium, to be built between the existing Giants Stadium and the Meadowlands Racetrack. The teams are still working on design details, and they have yet to determine whether a retractable roof will be part of the plan.

The stadium, which will be paid for by the teams, is the first in NFL history to be jointly built by two franchises, and is due to open for the 2010 season. Both teams currently use Giants Stadium.

Vikings, Twins and all other local teams take note...if they can do it where the real estate costs are through the roof then private financing can and should be done for all stadiums.