Meadowlands Super Bowl bid becomes official

Fans around New Jersey are in favor of hosting the 2014 Super Bowl in the new Meadowlands Stadium.

The owners of the New York Jets and New York Giants signed the paperwork today that officially asks the National Football League to choose the new Meadowlands Stadium as the host facility for Super Bowl 48.

The bid was made official at a signing ceremony today in East Rutherford. Current and former players for both teams attended the event.

Jim Ludlow, of Fords, thinks the idea would be good for the local economy, "it would be great for making money for this area."

The owners of the teams say hosting the big game could bring as much as $500 million to the region.

If selected, the Meadowlands would host the first cold-weather Super Bowl ever. The winning bid is expected to be announced at the end of the month.

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