East Rutherford vote nudges American Dream project forward

Vote nudges American Dream project forward

Vote nudges American Dream project forward (February 19, 2014 12:51 PM)

A vote last night by council members in East Rutherford has given the stalled American Dream project a slight nudge forward.

The council gave its approval to go forward by agreeing to issue up to $524 million in “non-recourse bonds” to finance the project, formerly known as Xanadu, in the Meadowlands.

Mayor James Casella says the vote means the bonds can be issued with no obligation...

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