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MTA: Stadium estimate flight of fancy.
By Michael Saul, Daily News, New York Knight Ridder/Tribune Business News
Feb. 4--MTA Chairman Peter Kalikow criticized the Jets' financial assessment of the proposed site for the West Side stadium yesterday, saying he had issues with the team's creative math.
At issue is the Jets' insistence that the cost of constructing a platform atop the Metropolitan Transportation Authority's West Side yards should be deducted from the team's assessment of the site.
The Jets' assessment pegged the value of the air rights at $350 million, but then deducted $315 million for the cost of the platform -- leaving the bottom-line figure at $35 million.
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