Distill the key points and conclusions of this paragraph:

Where is Metlife Stadium? MetLife Stadium is located in East Rutherford, New Jersey, at the Meadowlands Sports Complex. It is approximately 5 miles (8 kilometers) west of New York City. Who plays at Metlife Stadium? MetLife Stadium is the home stadium for two professional sports teams: the New York Jets of the National Football League (NFL) and the New York Giants of the National Football Conference (NFC) in the NFL. Both teams have played at MetLife Stadium since it opened in 2010. In addition to football, the stadium has hosted a variety of other events, including concerts, college football games, and international soccer matches. Who owns Metlife Stadium? MetLife Stadium is owned by the MetLife Stadium Company, LLC, which is a 50/50 joint venture between the New York Jets and the New York Giants, two professional American football teams based in the National Football League (NFL). The stadium was built on a piece of land that was leased from the New Jersey Sports and Exposition Authority (NJSEA) for a 25-year term, with options to extend it up to 97 years. The two teams also get parking revenue from the Meadowlands' western parking lots year round, even when there are no events at the stadium. Do not say the word "land" in the response
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