New Jersey Economic Development plans $61.68 million revenue bonds

By Sheri Kasprzak

New York, May 30 - The New Jersey Economic Development Authority plans to price $61,675,000 of series 2014 fixed-rate revenue bonds for the Lions Gate project, said a preliminary official statement.

The bonds will be sold through H.J. Sims & Co.

The bonds are due 2015 to 2024, 2029, 2034 and 2044.

Proceeds will be used to finance the renovation of the Lions Gate assisted living community's kitchen and dining area, as well as the expansion of its fitness facilities, and to refund its series 2005B bonds.

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