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NJ American Dream Bondholders to Get Paid on Grant-Backed Debt

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NJ American Dream Bondholders to Get Paid on Grant-Backed Debt


Holders of $287 million of municipal bonds sold to help finance the construction of the American Dream mega-mall in New Jersey’s Meadowlands are poised to receive overdue interest next week after two years of missed payments.

The unrated bonds, which are backed by New Jersey economic development grants, skipped payments after documentation necessary to appropriate the funds ran into hurdles. New Jersey officials needed to certifyBloomberg Terminal a project cost statement and the state Treasury had to calculate the grant amount. The grant funds are tied to tax revenue derived from sales at the mall, which saw double-digit year-over-year increases the past two quarters.



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Police fire tear gas during protest outside New Jersey ICE facility

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Police fire tear gas during protest outside New Jersey ICE facility


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Police fired tear gas and used horses to push back protesters outside the Delaney Hall immigration detention facility in Newark, after nights of demonstrations over conditions inside. New Jersey’s governor put state police in charge and set up protected protest zones.



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Mercer County, N.J. enacts new policies to limit ICE arrest activity

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Mercer County, N.J. enacts new policies to limit ICE arrest activity


From Camden and Cherry Hill to Trenton and the Jersey Shore, what about life in New Jersey do you want WHYY News to cover? Let us know.

In New Jersey, Mercer County officials have enacted new policies limiting the ability of federal immigration agents to access and use county property to conduct immigration enforcement operations.

Mercer County Executive Dan Benson issued an executive order and the Board of County Commissioners passed a resolution Friday that bans U.S. Immigration and Customs Enforcement and Customs and Border Patrol from using any nonpublic area on county property to enforce immigration law, unless they have obtained a judicial warrant or judicial order.

“From Minneapolis to Delaney Hall, ICE has repeatedly shown a total disregard for the law and for the constitutional rights of citizens and non-citizens alike,” Benson said in a statement. “We respect the Federal Government’s authority to enforce immigration law, but we will not allow them to use County properties to harass our families.”

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“With this resolution, we’re sending a clear message that everyone in our community can safely interact with County government, and access County services, without fear,” said Board of Commissioners Chair Terrance Stokes in a statement. “ICE’s actions threaten the fabric of our community, and we will take whatever steps we can, within the bounds of the law, to protect our residents.”



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Nightmare at NY Penn as train fire halts NJ Transit, Amtrak service for hours

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Nightmare at NY Penn as train fire halts NJ Transit, Amtrak service for hours


New Jersey and New York City commuters are facing extensive delays in and out of New York Penn Station Friday, with intensifying ripple effects, after an Amtrak work train car on one of the hub’s tracks caught fire.

The FDNY says it was called to the Midtown scene on 31st Street, between Seventh and Eighth avenues, around 1:30 a.m. Nearly 100 personnel responded. Five civilians were evaluated at the scene by EMS, officials say.

It’s not clear what sparked the fire involving Amtrak’s contractor maintenance vehicles in one of the Hudson River Tunnels. It was knocked down well before 6 a.m., but service on New Jersey Transit, Amtrak, Long Island Rail Road and more was expected to see heavy impacts well into the morning rush, with Hudson River trains operating at reduced capacity. Amtrak said it didn’t expect to lift its suspension until at least noon.

New Jersey Transit and LIRR also announced delays and cancellations. Cross-honoring and diversion programs were in effect as the situation developed. Complete LIRR service at NY Penn had resumed by around 7 a.m., Friday said, though equipment issues were causing cancellations. Get the latest transit information here.

Video from outside Penn Station showed smoke billowing in the pre-dawn hours, as emergency personnel stood by with stretchers awaiting any potential victims.

Amtrak is investigating the cause of the fire.

“We sincerely apologize for the inconvenience this may cause,” the agency’s latest announcement said, pledging to provide updates as new information becomes available.

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