The NJSEA oversaw the project, which was initially to be built with private money.

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As the Court saw it there was simply not a partnership between NJSEA and PB, merely an attempt to transfer the credit.

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"The mere fact that everybody is still talking over the last several months shows that there could be avenues available, " NJSEA chairman Wayne Hasenbalg said this week.

WSJ: Work on delayed NJ megamall expected to resume

The problem with the deal as far as the Court was concerned is that PB and NJSEA had just done too good a job in eliminating any downside or upside for PB.

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