Jets Stadium

MTA says OK to Jets proposal

The Metropolitan Transportation Authority board in New York has approved the New York Jets' 720 million-dollar offer for rights to develop a new 75-thousand-seat football stadium in Manhattan.

That's a major step along the way toward construction of a one-point-seven billion-dollar project in the city, because that state agency owns the property. The planned stadium is the centerpiece of the city's bid for the 2012 Olympics.

The Jets' proposal is backed by both the city and the state, but some residents are opposed.