Newark, N.J., Mayor Calls for Larger Airport Lease Payments From Port Authority

D'Ambrosio, Jill
September 2004
Bond Buyer;09/17/2004, Vol. 349 Issue 31971, p29
Trade Publication
The article reports on the desire of the Mayor Sharpe James of Newark, New Jersey, for making larger lease payments by Port Authority of New York and New Jersey for Newark Liberty International Airport, part of which the city has already dedicated to bonds sold to finance a new hockey rink for the New Jersey Devils. Newark and the Port Authority agreed to a new long-term lease agreement two years ago for the city's airport and seaport that set rent payments at a base of at least $65 million annually, with the anticipation that the payments would rise every five years in proportion to airport and seaport revenues.


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