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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.