NJ Council Expedites American Dream Mall's Bond Process

Law360, New York (December 4, 2013, 6:26 PM EST) -- The long-delayed $3.7 billion entertainment complex in New Jersey known as American Dream Meadowlands inched closer to reality Tuesday night, when a county authority approved several major financial pieces of the plan, including the issuance of up to $550 million in bonds.

The East Rutherford Borough Council gave preliminary approval to the bond issuance in a 5-1 vote Tuesday, a source close to the matter told Law360.

In connection with the deal, East Rutherford, where the massive 3-million-square-foot project is set to be built near MetLife...
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