Sources: New NJ stadium in sight after loan approval

Updated: November 26, 2006, 1:46 PM ET
ESPN.com news services

It looks like the New York Giants and New York Jets won't have to go the way of the New Jersey Nets.

The NFL Players Association has agreed to allow an increase on the league's G-3 loan program to a maximum of $300 million, clearing the path for the Giants and Jets to collectively build a privately financed new stadium to replace the current one in the Meadowlands in East Rutherford, N.J., sources have told ESPN's Chris Mortensen.

NFL owners will now meet in Dallas on Dec. 7 to vote on ...

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