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The proposed stadium would be $1.4B

EAST RUTHERFORD, N.J. -- New York City will be forced to
abandon its bid to host the 2012 Olympics if a deal is not reached
soon on a $1.4 billion stadium for the New York Jets, Mayor Michael
Bloomberg said Sunday.

"If we were not to get the stadium going very soon, we will
have to drop out of our bid for the Olympics," Bloomberg said
before participating in the coin toss at the Jets' opener against
the Cincinnati Bengals.

The plan calls for a $1.4 billion stadium built above a rail
yard on Manhattan's far West Side. But the idea has met with
opposition from neighborhood residents, local politicians and some
civic groups.

The proposed stadium would house the Jets and anchor the city's
bid for the Olympics. Under the proposal, the Jets would spend $800
million and the city and state would add $300 million each.

The Jets play in New Jersey, sharing a stadium with the New York
Giants.

New York is one of five finalists for the 2012 Olympics, along
with Paris, London, Madrid and Moscow. The International Olympic
Committee will announce the winner in July.