NJ town signs off Meadowlands megamall - Los Angeles News | FOX 11 LA KTTV

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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • Christie talks casinos, Springsteen at town hall

    Christie talks casinos, Springsteen at town hall

    Tuesday, August 19 2014 9:49 PM EDT2014-08-20 01:49:34 GMT
    Gov. Chris Christie of New JerseyGov. Chris Christie of New Jersey
    Gov. Chris Christie talked Atlantic City casinos and defended his use of Bruce Springsteen music in the latest installment of his summer "No Pain, No Gain" town hall series on Tuesday. Many previous events have featured protests by retirees and labor groups as well as Atlantic City casino workers urging Christie to do more to save their jobs following a series of announced closures.
    Gov. Chris Christie talked Atlantic City casinos and defended his use of Bruce Springsteen music in the latest installment of his summer "No Pain, No Gain" town hall series on Tuesday. Many previous events have featured protests by retirees and labor groups as well as Atlantic City casino workers urging Christie to do more to save their jobs following a series of announced closures.
  • Reward in probe of shooting of bald eagle in NJ

    Reward in probe of shooting of bald eagle in NJ

    Tuesday, August 19 2014 9:32 PM EDT2014-08-20 01:32:30 GMT
    Federal, state, and humane organizations are offering $7,500 in rewards in the case of the shooting of bald eagle in New Jersey. Someone shot a bald eagle in in Bridgeton City Park back in May, authorities said. The badly wounded bird was found May 20, 2014. Its wounds were so severe that it had to be was euthanized.
    Federal, state, and humane organizations are offering $7,500 in rewards in the case of the shooting of bald eagle in New Jersey. Someone shot a bald eagle in in Bridgeton City Park back in May, authorities said. The badly wounded bird was found May 20, 2014. Its wounds were so severe that it had to be was euthanized.
  • 3 dead

    Fatal crash in Freehold

    Fatal crash in Freehold

    Tuesday, August 19 2014 6:49 PM EDT2014-08-19 22:49:36 GMT
    A three-vehicle crash killed three people and critically hurt a fourth person in Freehold Township, New Jersey, Tuesday afternoon, authorities said. The crash happened on the Kosloski Road overpass at Route 33 Business at about 3:45 p.m., according to the Monmouth County Prosecutor's Office.
    A three-vehicle crash killed three people and critically hurt a fourth person in Freehold Township, New Jersey, Tuesday afternoon, authorities said. The crash happened on the Kosloski Road overpass at Route 33 Business at about 3:45 p.m., according to the Monmouth County Prosecutor's Office.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

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