The Times, he added, would not be involved in the bond financing.
Terry Waivada, the development agency's executive director, said the center had been approved for bond financing.
That action would limit its access to the credit market if the administration went ahead with the bond financing.
He said that two more assisted-living developments using bond financing were in the pipeline.
In every case, the bond financing makes only partial payment of the cost to accomplish all that needs to be done.
The bill would also restore the access, lost in 1986, of independent universities to tax-exempt bond financing.
Palladium has presented a new plan, for $31 million to $33 million in bond financing.
On March 12, 1948 the state finally completed bond financing.
The bankers say that would enable the team to easily raise about $400 million in bond financing, or half of what the Jets need.
They will cut state and local spending, as the costs of bond financing goes up.