Moses and William A. Shea, the New York lawyer who had led the effort to bring National League baseball back to New York, faced a problem. New York state law of the time did not allow cities to borrow money in order to build a stadium. The only way for the city to finance a stadium would be to demonstrate that the stadium could pay for itself. With this in mind, Moses and Shea proposed to have the new team pay substantial rent in order to pay off 30-year bonds. This provision would come back to haunt the Mets years later; they would never live up to that monetary commitment, and the ensuing financial woes would be an albatross around the team for years. On October 6, 1961, the Mets signed a 30-year stadium lease, with an option for a 10-year renewal. Rent for what was originally budgeted as a $9 million facility was set at $450,000 annually, with a reduction of $20,000 each year until it reached $300,000 annually. In their inaugural season in 1962, the expansion Mets played in the Polo Grounds, with original plans to move to a new stadium in 1963. In October 1962, Mets official Tom Meany said, "Only a series of blizzards or some other unforeseen trouble might hamper construction." That unforeseen trouble surfaced in a number of ways: the severe winter of 1962–1963, along with the bankruptcies of two subcontractors and labor issues. The end result was that both the Mets and Jets played at the Polo Grounds for one more year. It was originally to be called "Flushing Meadow Park Municipal Stadium" – the name of the public park within which it was built – but an ultimately successful movement was launched to name it in honor of Shea. Opening After 29 months of construction and $28.5 million spent, Shea Stadium opened on April 17, 1964, with the Pittsburgh Pirates beating the Mets before a crowd of There were no prior exhibition games or events, and the stadium was barely finished in time for the home opener. Because of a jurisdictional dispute between Local 3 of the International Brotherhood of Electrical Workers and Local 1106 of the Communications Workers of America, the telephone and telegraph wiring was not finished in time for opening day. The stadium opened five days before the 1964-65 New York World's Fair, across Roosevelt Avenue. Although not officially