updated 1:08 a.m. ET March 27, 2004

NEW YORK - City and state officials announced a deal Thursday for a $1.4 billion stadium on Manhattan’s West Side that would be home to the New York Jets and anchor New York’s bid for the 2012 Olympics.

“We will have a home to bring the Jets back from New Jersey, and pro football back to New York City,” Gov. George Pataki said in making the proposal official.

The Jets, who now play at the Meadowlands in New Jersey, have agreed to spend $800 million on the stadium, but the city and state would have to kick in $600 million for a deck over the existing rail yards, where the stadium is to be built, and a retractable roof that will allow the facility to be used for concerts and trade shows.

If New York gets the 2012 Olympics, the new stadium would be the site of opening and closing ceremonies, Mayor Michael Bloomberg said.

Despite strong support from Bloomberg and Pataki, the plan faces major hurdles including an environmental review, zoning approvals and probably lawsuits by neighborhood activists.

“It’s not a plan for our neighborhood, it’s a plan for the Jets,” said City Council member Christine Quinn, who represents the area. “We will fight until we defeat this ill-conceived plan for a stadium on the West Side.”

The proposed stadium is part of the city’s ambitious redevelopment plan for the far West Side, which also includes extending a subway line westward from Times Square.

The Jets currently share the Meadowlands with the New York Giants. Their lease expires in 2008.

Officials also announced plans to nearly double the size of the Jacob K. Javits Center next door at a cost of another $1.4 billion. The center and the stadium would together form a “convention corridor” stretching along 11th Avenue from 30th to 40th streets, officials said.

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