CARLSTADT, NJ—The Meadowlands Regional Chamberand other officials unveiled a “Vision Plan” for theMeadowlands Sports Complex on Tuesday that callsfor a more than $1.5-billion complex that would include aconvention center of up to 1 million square feet, two hotels with acombined 2,000 rooms, and four casino gambling sections.

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The Vision Plan was unveiled at a press conference held atRed's restaurant in Carlstadt. JimKirkos, chief executive of the Meadowlands RegionalChamber, and others stressed that the Vision Plan was preliminary.He added that the chamber had not to date sought approvals of theplan from the Giants, Jets, American Dream Meadowlands developerTriple Five, and other Meadowlands Sports Complex stakeholders,according to The Record.

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“This is not a plan to create a district that competes withAtlantic City. Since the Meadowlands Sports Complex was built, thepopulation in the surrounding region has grown, but does not haveanything compelling enough to keep them here when they are spendingtheir discretionary income,” said Kirkos. “Developing theMeadowlands Sports Complex into a destination will keep thesedollars in New Jersey and increase the economic impact of theentire region.”

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The Chamber of Commerce estimates the Vision Plan as writtenwould create approximately 50,000 jobs.

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A people mover estimated to cost $65 million would transportvisitors to different destinations in the sports complex. The hoteland casino space is estimated to cost $1.1 billion and theconvention center would run $175 million. The plan also calls fornew parking decks at a cost of $400 million and the establishmentof a racino at the Meadowlands Racetrack. Public and privatefunding would finance construction costs. See story inThe Record.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.