Newark Council Moves a Step Closer to Arena for N.J. Devils

D'Ambrosio, Jill
May 2004
Bond Buyer;5/6/2004, Vol. 348 Issue 31878, p3
Trade Publication
Reports that members of the Newark, New Jersey municipal council have voted 6 to 3 to allow the city housing agency to securitize lease payments. Use of the proceeds for construction of a proposed arena for the New Jersey Devils National Hockey League team; Plans to use $12.5 million in lease payments over 30 years from the Port Authority of New York and New Jersey to secure debt.


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