Case Studies


City of Elizabeth – Jersey Gardens

We represented the New Jersey Economic Development Authority in the structuring and issuance of $140,552,550.30 in bonds under the Large Site Landfill Reclamation and Improvement Law to finance infrastructure and remediation costs associated with the Jersey Gardens Outlet Mall in Elizabeth. In 1998, this success story demonstrated the effectiveness of the law, but also the limits. This law eventually became the model for the Redevelopment Area Bond Financing Law that serves as the main financing tool for redevelopment in the State of New Jersey. For more information on this project, please contact John V. Cavaliere, Member.