Field of Schemes
sports stadium news and analysis


This is an archived version of a Field of Schemes article. Comments on this page are closed. To find the current version of the article with updated comments, click here.

June 11, 2004

Newark sells arena bonds (maybe)

Two days after a New Jersey judge shot down a referendum campaign to block a new Devils arena in Newark, the city's housing authority - that's right, the housing authority - sold $210 million worth of bonds to finance the city's share of the project. (The bonds are to be repaid with lease payments on Newark's marine terminal.) In a last-ditch effort to block the arena, city councilmembers Luis Quintana and Augusto Amador have asked an appellate judge for a temporary restraining order against the bond sale, which is due to be completed on June 24.

Latest News Items