East Rutherford, NJ just beat out South Florida and Tampa to host the 2014 Super Bowl.
The year’s biggest sports event will be held at the new Meadowlands Stadium, which is shared by the Jets and Giants.
In a pitch to the city, the two teams said the Super Bowl would generate $550 million for the area. That figure seems extremely optimistic, as most Super Bowls generate less than $100 million for host cities, according to Business Week. Nonetheless, Mayor Bloomberg is excited:
“The Super Bowl is different from other athletic events because there’s an enormous number of things built around it; it lasts a week typically, and it brings enormous media attention,” said Mayor Michael Bloomberg. “It would help New Jersey and it would certainly help New York City.”
Of course, the new stadium will cost $1.6 billion to build. And New York, New York City, and New Jersey are all deep in dept.
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