There were bids by three groups to buy the Metropolitan Transportation Authority's (MTA’s) rail yards.
A bid by Cablevision of $760million includes $400million in cash and the rest in a promise to construct a platform over the rail yards, reports ESPN.com.
The Jets countered with a bid of $720million, including at least $250million in cash paid over four years. The bid does not include the platform, estimated by the Jets at $350million, which would be paid for primarily by the state and city.
TransGas Energy Systems offered the most for the site, $1.05billion. However, strings attached include a proposed 40-year contract to provide energy for the MTA, and help in securing a site for a new power plant in Brooklyn.
A decision by the MTA, which runs the largest mass transit system in the US, is expected on Thursday.
