<Tr> <Th_colspan="2"> Tenants </Th> </Tr> <Tr> <Td_colspan="2"> New York Giants (NFL) (2010--present) New York Jets (NFL) (2010--present) </Td> </Tr> <P> MetLife Stadium is an American sports stadium located in East Rutherford, New Jersey . It is part of the Meadowlands Sports Complex and serves as the home stadium for two National Football League (NFL) franchises: the New York Giants and the New York Jets . The stadium is owned by the MetLife Stadium Company, a joint venture of the Giants and Jets, who jointly built the stadium using private funds on land owned by the New Jersey Sports and Exposition Authority . The stadium opened as New Meadowlands Stadium in 2010 . In 2011, MetLife, an insurance company based in New York City, acquired the naming rights to the stadium . At a construction cost of approximately $1.6 billion, it is the most expensive stadium ever built and is the second - largest stadium in the NFL in terms of seating capacity . </P> <P> MetLife Stadium is the only NFL stadium shared by two clubs since the 2000s . Los Angeles' Staples Center (the Clippers and the Lakers) of the National Basketball Association (NBA) is the only other facility to currently house two teams from the same sports league in the United States . </P>

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