A New York State of Mind for the Jets

The NFL franchise is set to announce a $1 billion Manhattan stadium that the Big Apple hopes will ultimately help land the Olympics

The Jets are flying back to New York. The National Football League team that has been playing across the Hudson River in Giants Stadium in East Rutherford, N.J., for 19 years is expected to announce in the next two months that it will build a $1 billion, retractable-dome stadium on Manhattan's West Side, BusinessWeek has learned. The stadium would be a big boost to New York's bid to host the 2012 Olympics.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.