We have represented the New Jersey Environmental Infrastructure Trust as its sole Bond Counsel since 1988 with respect to the Trust's annual pooled financing program for wastewater treatment projects and drinking water supply projects undertaken by local and regional governmental bodies, state authorities, nonprofit entities and private entities throughout New Jersey. As Bond Counsel to the Trust, we have experience with the legal and structural complexities of the Trust's financing program, including the environmental issues involved; the full range of financing issues presented by hundreds of borrowers; and the logistical challenges presented by such large and complex pooled financings. We have served as Bond Counsel in connection with the issuance of approximately fifty series of bonds totaling over $1 billion. Currently, we are working with the Trust with regard to the development of a specialized financing program for privately sponsored Brownfield projects.
The firm has extensive experience relating to solid waste remediation financings. The firm served as bond counsel to the New Jersey Economic Development Authority in connection with the issuance of approximately $300 million in Economic Development Revenue Bonds. These financings consisted of solid waste exempt facility bonds. The proceeds of the bonds were loaned to a for-profit entity to finance the remediation of approximately 785 acres of real property in the Meadowlands. This multi-agency effort, involving the New Jersey Economic Development Authority and the New Jersey Meadowlands Commission (formerly known as the Hackensack Meadowlands Development Commission), as well as the New Jersey Department of Environmental Protection, will finance the remediation of this landfill area in a way that takes advantage of the financial benefits of the Brownfields and Contaminated Site Remediation Act. This remediation project is designed to facilitate over $1 billion of development over a ten-year period and is expected to include the construction of golf courses, a hotel, an office complex, townhouses and related facilities.
We also served as bond counsel to the NJEDA in connection with its 1998 financing for Glimcher Properties Limited Partnership in connection with the development of a portion of the Jersey Gardens mall in Elizabeth, New Jersey. This solid waste remediation project, like other projects we have handled, presented a range of complex issues, both environmental and financial, that needed to be resolved in order to ensure the tax-exempt status of the bonds. We continue to counsel NJEDA with respect to potential financings for privately sponsored solid waste remediation projects, particularly with respect to the requirements of the Internal Revenue Code relating to the tax-exempt status of such bonds.