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Olympians back stadium plan.

State legislative leaders and former Olympians are supporting the City's Jets stadium project on the Manhattan's far West Side.

Last week, a handful supporters held a press conference on the steps of City Hall to voice their support for the proposed New York Sports and Convention Center including New York State Assembly members Keith Wright and Darryl Towns, New York City Councilwoman Margarita Lopez, Track and Field Olympian Diane Dixon (Gold, 1984; Silver, 1988), Track and Field Olympian James Fuchs (Bronze, 1948; Bronze, 1952) and former Jets all-time leading rusher and two-time team MVP, Freeman McNeil

"This project is an important economic stimulus for all New Yorkers," said Wright who represents Harlem.

"In a time when New York City faces a difficult financial forecast and high rates of unemployment, the development of the NYSCC will provide New York and New Yorkers with $80 million in new annual revenue, tens of thousands of temporary construction jobs and more than 6,700 permanent jobs."

"This project has the potential to create 40,000 construction jobs over the next five to ten years. From construction jobs to hotel jobs to vending jobs, the NYSCC will provide work day in and day out to our citizens," continued Assemblyman Darryl Towns of Brooklyn.

The proposed facility is expected to serve as a catalyst for the development of the Hudson Yards into a lively and vibrant community with the addition of parks, plazas and waterfront access.

The NYSCC will not only will host sporting events and major concerts, but it will double as a first class convention center, hosting more than 40 events a year that generate more than $38 million in tax revenue to the city and the state.

Added Towns, "'The New York Jets have offered $800 million dollars of private investment to build a venue for the city which will generate $80 million in new annual revenue that we would not otherwise see. This is an opportunity that we cannot afford to lose."
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Mar 17, 2004
Previous Article:$120 Chelsea building taking shape.
Next Article:State saves 200 acres.

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