Carlstadt, Mills End Legal Action ; Each Faced Costly Risk in Empire Tract Fight

Summary

---

Mills Corp. and the borough of Carlstadt onetime allies who wound up suing each other in the aftermath of a failed effort by Mills to build a megamall on the Empire Tract have agreed to drop their respective lawsuits.

According to the terms of the deal, which was announced this week, Mills no longer will pursue a claim for reimbursement of more than $12 million in taxes that Mills had paid the borough since the late 1990s in anticipation of development.

See the full content of this document

Extract

---

Carlstadt, Mills End Legal Action ; Each Faced Costly Risk in Empire Tract Fight

Carlstadt, meanwhile, removed Mills from its lawsuits challenging the state's acquisition of the Empire Tract and subsequent turnover of the property to the Meadowlands Con...

See the full content of this document

---