Bids for the redevelopment of the West Side railyards, New York, close today.
Redevelopment will be critical in New York's plans to host the 2012 Olympics, and a home for Jets football.
The Jets have reportedly said that they will increase their $100m offer for the right to build a 75,000-seat stadium.
Cablevision, which owns the Garden, the Knicks and the Rangers views the stadium as competition; they have offered $600M, in order for the construction of apartment houses and parks on a platform over the yard.
A third bidder, TransGas Energy Systems, is preparing an offer of $800M.
Other bidders are reportedly scared of upsetting Mayor Bloomberg, by bidding to build what everybody wants; namely apartments, rather than an Olympic stadium.
Mayor Bloomberg has made the stadium the epicentre of New York's bid for the 2012 Olympics.
It is possible that once the details of the bids are made public, there may be a further round of bidding.
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