NJ town signs off Meadowlands megamall

NJ town signs off Meadowlands megamall

Posted: Updated:

EAST RUTHERFORD, N.J. (AP) -- The town where the Meadowlands sports complex sits has signed off on its part of a public financing plan for a long-delayed megamall project.

The Record  reports East Rutherford's borough council signed off this week on a plan that authorizes up to $524 million in bonds to help developer Triple Five complete the project. In exchange, Triple Five will pay as much as $128 million to the borough over the next 30 years.

East Rutherford's vote moves forward Triple Five's plan to raise $1.8 billion to finish the project. State and county agencies will have to add their approval.

Triple Five also is facing a lawsuit by the New York Giants and New York Jets, who say the mall will create traffic nightmares on game days.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • Savion Glover, the master teacher

    Savion Glover, the master teacher

    Thursday, August 21 2014 5:26 PM EDT2014-08-21 21:26:05 GMT
    While the rest of us merely march to the beat of our own drum, Savion Glover is the drum. The tap dance superstar has dazzled audiences from the small screen to the big screen from the White House to the Great White Way. More than just a legend, Savion has become a curator of tap. He is on a mission to keep the craft sacred for future generations.
    While the rest of us merely march to the beat of our own drum, Savion Glover is the drum. The tap dance superstar has dazzled audiences from the small screen to the big screen from the White House to the Great White Way. More than just a legend, Savion has become a curator of tap. He is on a mission to keep the craft sacred for future generations.
  • Man sucker punched in knockout attack

    Man sucker punched in knockout attack

    Thursday, August 21 2014 4:00 PM EDT2014-08-21 20:00:46 GMT
    The so-called 'knockout game' where a person punches another unsuspecting person has made its way to Hackensack, N.J. Police say an assailant attacked three people on the same day. Surveillance video shows the athletically built suspect punch a man in the face and stroll away. The man fell to the ground. Two other assaults took place within less than 15 minutes.
    The so-called 'knockout game' where a person punches another unsuspecting person has made its way to Hackensack, N.J. Police say an assailant attacked three people on the same day. Surveillance video shows the athletically built suspect punch a man in the face and stroll away. The man fell to the ground. Two other assaults took place within less than 15 minutes.
  • Clark police respond to 22 reports of burglary from autos this morning

    Clark police respond to 22 reports of burglary from autos this morning

    Thursday, August 21 2014 1:25 PM EDT2014-08-21 17:25:08 GMT
    The Clark Police Department has received 22 reports of burglaries of unlocked cars Thursday morning. Reports were received from residents of Hillcrest Drive, Thomas Drive, Grove Street, Orchard Terrace, Briarheath Lane and Stonehenge Terrace. There are no suspects at this time.
    The Clark Police Department has received 22 reports of burglaries of unlocked cars Thursday morning. Reports were received from residents of Hillcrest Drive, Thomas Drive, Grove Street, Orchard Terrace, Briarheath Lane and Stonehenge Terrace. There are no suspects at this time.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices