TITLE

N.Y.C. Would Sell Lease, GO Debt For Nets Arena, Not TIF Bonds

AUTHOR(S)
McDonald, Michael
PUB. DATE
May 2004
SOURCE
Bond Buyer;5/5/2004, Vol. 348 Issue 31877, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the plan of New York City, New York to sell conventional lease-backed and general obligation bonds if it ends up issuing debt for a multimillion-dollar New Jersey Nets basketball arena. Explanations from Andrew Alper, president of Economic Development Corp. (EDC) in the city, regarding the matter; Sale by EDC of lease-backed bonds using the New York City Industrial Development Agency; Information on the plan endorsed by Mayor Michael R. Bloomberg and Governor George E. Pataki for the arena.
ACCESSION #
13040252

 

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