Summary
The Meadowlands Commission has approved a redevelopment plan for the former EnCap landfills that will require more financial information from prospective developers to avoid the financial debacle that left the area an environmental mess.
The plan, approved this week by the commission, calls for developers to provide a laundry list of financial information including its history of securing financing for the last 10 years, audited financial statements for the last five years and a list of any bankruptcy, loan defaults and adverse judgments against the business or any of its principals.See the full content of this document
Extract
Meadowlands Redevelopment Plan Ok'd
The commission doesn't want another project collapsing as it had in 2007, when cost overruns and mismanagement ended a $1 billi...
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