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Monday, October 20, 2014

Bond will pay $60M settlement over Boardwalk Hall renovation

A $253 million bond offering planned for this week by the New Jersey Casino Reinvestment Development Authority includes $60 million that will be paid to Pitney Bowes Inc. for a settlement linked a renovation of Atlantic City's Boardwalk Hall that started in 1998. New Jersey and Pitney Bowes, of Stamford, Conn., formed a partnership in 2000 to take advantage of federal historic building rehabilitation tax credits in connection with the project at the boardwalk complex that hosts the Miss America pageant.

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