MSG Bids on Jets Stadium Land

An interesting move by the MSG people - they are bidding twice as much as the Jets are offering for the rail yard that the Jets would like to build their stadium on.

Is this a bluff? What happens if the MTA gives it to them? Will they be able to actually build anything on it? Would the City even try to help them out? This has major humor potential, and whenever a joke can be made, I'm all for it being made.