Under the current plan, the borough of East Rutherford would issue as much as $550 million in tax-exempt bonds that would be bought by the Bergen County Improvement Authority, which would sell its own bonds to Cheap Jerseys Fast Shipping pay for the purchase, East Rutherford Mayor James Cassella Bill Russell Jersey said. The BCIA would Ultra Boost Wholesale also issue about $275 million in bonds separately to help finance the project.
Representatives from East Rutherford and the BCIA stressed to members of Scarpe Nike 2019 Donne the Department of Community Affairs' Local Finance Board on Cheap Adidas Hockey Jerseys Thursday that the bonds are structured so that revenue from the project would be used to repay them and taxpayers won't be liable even if the project isn't completed.