The New York Giants will be allowing fans to buy a seat licenses in the new stadium they are building with the New York Jets. This license will allow a fan to buy season tickets for that seat, and will cost between $1,000 and $20,000 depending on location.
The Jets haven’t commented on if they will be following suit.
This new stadium, will have 82,500 seats is slated to open in 2010. Most of those seats will have a license available. Only 5,000 of those seats will cost $20,000. They are a little worried about upsetting fans as each seat that a season ticket holder owns will carry the license charge, which can get pretty costly. The seat license isn’t a season ticket; the tickets would be purchased on top of the licenses.
Giants’ co-owner, John Mara, had this to say; “We tried hard to come up with a plan that guarantees everybody the opportunity to stay in the building.”
The cost of the new stadium which is being split down the middle between the two teams, is $1.6 billion. Mara also said that it would be “extremely difficult” to build this new stadium without these seat licenses because they will raise between $300 and $400 million.
Once a person buys the seat licenses, they are guaranteed that spot as long as the team plays at that stadium. That license however can be sold or transferred to anyone for however much they can get for them.