Friday, June 16, 2017

Goldman Sells American Dream in Unrated Municipal-Bond Deal

Image result for american dream project imagesGoldman Sachs Group Inc. is selling a piece of the American Dream.

The investment bank plans to price $1.1 billion of municipal bonds Wednesday to finance the long-stalled shopping and entertainment center in New Jersey’s Meadowlands, about 10 miles (16 kilometers) west of Manhattan. The Las Vegas-inspired mega complex, named for the national belief that anyone can succeed, will pair an indoor amusement park and water park, skating rink, ski slope, Ferris wheel, aquarium, and performing-arts theater with 500 stores, anchored by Saks Fifth Avenue and Lord & Taylor.. . . more

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