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 This material may not be published, broadcast, rewritten or redistributed.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

  • Stuck NJ Transit train removed

    Stuck NJ Transit train removed

    Tuesday, July 29 2014 12:24 PM EDT2014-07-29 16:24:49 GMT
    A New Jersey Transit commuter train with about 1,000 passengers on board became disabled just outside the Hudson River tunnel in Manhattan on Tuesday morning. The train which was on the Northeast Corridor line broke down near 10th Ave., according to NJ Transit officials.  It is not clear what caused the mechanical problem. Lighting and air conditioning on the train were never impacted, according to NJ Transit.
    A New Jersey Transit commuter train with about 1,000 passengers on board became disabled just outside the Hudson River tunnel in Manhattan on Tuesday morning. The train which was on the Northeast Corridor line broke down near 10th Ave., according to NJ Transit officials.  It is not clear what caused the mechanical problem. Lighting and air conditioning on the train were never impacted, according to NJ Transit.
  • Montville board of education deemed power lines 'No cause for concern'

    Montville board of education deemed power lines 'No cause for concern'

    Tuesday, July 29 2014 11:21 AM EDT2014-07-29 15:21:10 GMT
    A string of ever-changing, ever-expanding power lines runs through the spine of Montville, connecting houses across the grid to PSEG electricity, and it’s got citizens concerned about runaway electricity that may or may not be dangerous to those with access to the monopoles.
    A string of ever-changing, ever-expanding power lines runs through the spine of Montville, connecting houses across the grid to PSEG electricity, and it’s got citizens concerned about runaway electricity that may or may not be dangerous to those with access to the monopoles.
  • Wildlife volunteer pleads in deaths of 300 animals

    Wildlife volunteer pleads in deaths of 300 animals

    A longtime volunteer with a local animal protection organization in New Jersey has pleaded guilty to animal cruelty charges. Authorities say they found more than 300 dead birds and animals in the Little Silver home of the volunteer, 56-year-old Gretchen Rell.
    A longtime volunteer with a local animal protection organization in New Jersey has pleaded guilty to animal cruelty charges. Authorities say they found more than 300 dead birds and animals in the Little Silver home of the volunteer, 56-year-old Gretchen Rell.
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 | Terms of Service | Ad Choices