NEWARK, NJ–T City of Newark Essex County Essex County Improvement Authority sell the Bears & Eagles Riverfront Stadium , 450 Broad Street , to Lotus Equity Group for $23.5 million . allows the City and County to increase taxable space and relieve the taxpayers of the stadium's current $4 million annual debt-service obligation. University Heights Newark Mayor Ras J. Baraka Lotus City of Newark Essex County Essex County Improvement Authority Bears and Eagles Stadium Essex County Executive Joseph N. DiVincenzo, Jr. Lotus Ben Korman, founder of Lotus Equity Group NEWARK, NJ–T City of Newark Essex County Essex County Improvement Authority sell the Bears & Eagles Riverfront Stadium , 450 Broad Street , to Lotus Equity Group for $23.5 million . allows the City and County to increase taxable space and relieve the taxpayers of the stadium's current $4 million annual debt-service obligation. University Heights Newark Mayor Ras J. Baraka Lotus City of Newark Essex County Essex County Improvement Authority Bears and Eagles Stadium Essex County Executive Joseph N. DiVincenzo, Jr. Lotus Ben Korman, founder of Lotus Equity Group
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.