New Meadowlands Stadium

New Meadowlands Stadium is a planned football stadium. It will replace Giants Stadium in the parking lot of the current structure at the Meadowlands Sports Complex. As with the current stadium, both the New York Giants and New York Jets will play their home games there. However, unlike Giants Stadium, the new stadium will be a 50/50 partnership between both NFL teams. The stadium will be administered by the New Jersey Sports and Exposition Authority, which also operates the current stadium (and owned it until selling it to the Giants as part of the stadium plan).
The new stadium will have seating for 82,500 fans, including 10,000 club seats and approximately 200 luxury suites. It will thus be the second or third-largest stadium in the NFL, after FedExField outside Washington D.C., currently the largest stadium in the league with a capacity of 91,704, and the New Cowboys Stadium outside Dallas, Texas, which plans to have a capacity of 80,000 expandable to 100,000 with additional end zone seating.


Construction of the New Meadowlands Stadium is underway. As seen from Giants Stadium, 10/7/07.
The new stadium the Jets and the Giants are scheduled to occupy in 2010 will be distinguished by an outer skin of aluminum louvers and by interior lighting that will switch colors depending on which team is playing at home – comparable to the Allianz Arena in Munich, Germany.
There will be numerous tailgating zones, and myriad options to buy food and merchandise in the plaza that will ring the stadium.
The changing colors — green for the Jets, blue for the Giants — reflect each team’s desire to individualize the look of the 82,500-seat stadium in East Rutherford, N.J. The teams’ current home, Giants Stadium, opened in 1976, but the Jets have long felt like a second-class tenant there since arriving in 1984. The louvers in the new stadium, which are arranged in various densities, may also reflect the teams’ colors.
According to renderings of the Jets-Giants stadium obtained by The New York Times, giant red pylons at the north and east entrances will display videos of each team, depending on which one is playing.
A signature feature of the stadium — which will be built in the shape of a rounded rectangle — will be the massive Great Wall that will be partly visible through the louvers at the main entrance.
The wall will be 400 feet long and 40 feet high, showing panels of images that will rotate between photographic murals of the Giants and Jets on game days and different pictures for concerts and other events.
Inside, four 40-by-130-foot scoreboards will hang from each corner of the upper deck.
The sight lines will be similar to those at Giants Stadium, which seats a little over 80,000, but in some cases seats will be farther away because the new facility will have more than double the square footage. The stadium complies with the Americans with Disabilities Act, and it will have four restaurants, nearly double the current 117 luxury suites, and 9,200 club seats, two club lounges, wider concourses and at least one hall of fame.[1]
Unlike a number of other new NFL venues such as the new Cowboys Stadium, University of Phoenix Stadium and Reliant Stadium, the new Meadowlands stadium will not have a roof. Proposals to include a roof failed due to a dispute over funding [3]. Therefore, it is unlikely the Super Bowl could be held in this venue due to northern New Jersey's winter climate and indoor events such as the Final Four will not be held at the facility, which runs counter to the original aspirations for a new stadium in northern New Jersey. [4]] Lease terms

The lease for the new stadium is for 25 years, with options to extend it that could eventually reach 97 years. After the 15th year of the lease, every five years, one of the two teams can opt out of the lease, giving the state 12 months notice. However, if one team leaves for a new stadium, the other team would have to remain for the remainder of the lease.[2] Based on the teams' histories, this clause presumably allows the Jets to eventually decide that they want to play in their own stadium and can find a way to finance it, although the relocation of team facilities to New Jersey makes this less likely to happen. It is unknown if the lease starts upon construction or upon the stadium's opening. The teams also get parking revenue from the Meadowlands' western parking lots year round, even when there are no events at the stadium (this would occur when other parts of the Meadowlands host events)[3]
The Jets and Giants will jointly own the new stadium, not lease like it does at the existing stadium.

Transportation
A rail spur will be constructed by New Jersey Transit from the Pascack Valley Line to provide rail service to Hoboken Terminal and to Pennsylvania Station via the Secaucus Junction.[4]