SAN FRANCISCO (S&P Global Ratings) June 4, 2021--The State of New Jersey's recent decision to lift the capacity restrictions at MetLife Stadium is both a relief for event-starved sports fan and a key development that supports our 'BBB-' rating on Jets Stadium Development LLC's bonds. The planned return to normal capacity is in-line with our forecast, which also assumed the widespread availability of effective COVID-19 vaccines by the middle of 2021 and a return to the project's typical cash flows in the third quarter when it receives the bulk of its suite and club seat revenue. Our negative outlook is unchanged because New Jersey could potentially re-impose capacity restrictions if the rate of COVID-19 infections, hospitalizations, or fatalities begins to
