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

McDonald, Michael
May 2004
Bond Buyer;5/5/2004, Vol. 348 Issue 31877, p1
Trade Publication
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.


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