Wall Street to Be Tapped for Financing of Jets-Javits Project

McDonald, Michael
March 2004
Bond Buyer;3/25/2004, Vol. 347 Issue 31849, p1
Trade Publication
Reports on the plan of Empire State Development Corp. (ESDC) to solicit proposals from Wall Street for financing of the expansion of the Jacob K. Javits Convention Center and the construction of a football stadium for the New York Jets football team. Link of the project with the plan of New York City to extend the No. 7 subway line and construct a platform over the eastern portion of the Hudson rail yards for real estate development; Consideration of four different sources for financing the convention center expansion; Use of ESDC to structure the sale of hotel-tax-backed bonds.


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