NFL owners passed a resolution allowing a waiver of the debt ceiling to the Giants and Jets, a move that allows the teams to move forward with its $1.6 billion stadium plans.
Had the owners not approved the measure, the project would have been in serious doubt. But the owners voted 31-1 in favor of allowing both teams to carry more than the $150 million allowed by league rules for well over the 15-year term allowed in most cases where teams build stadiums.
Bottom line: Good news for Giants and Jets, who hope to open the new facility in 2010.
Only downer for fans is that it's almost certain that they'll have to purchase personal seat licenses at some point in the future.
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