TITLE

ESDC to Own New West Side Stadium for N.Y. Jets

AUTHOR(S)
Braum, Martin Z.
PUB. DATE
April 2004
SOURCE
Bond Buyer;4/16/2004, Vol. 348 Issue 31864, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the plan of Empire State Development Corp. (ESDC) to hire the law firm of Skadden Arps Slate Meagher & Flom LLP to help structure a ground lease with the New York Jets and maximize the opportunity to use tax-exempt bonds to finance the football team's stadium on Manhattan's West Side. Construction of the stadium on a site owned by the Metropolitan Transportation Authority (MTA); Negotiation of the Jets with the MTA for air rights over the site; Investment banks requested by ESDC to submit proposals to serve as underwriters on the deal.
ACCESSION #
13617900

 

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