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SYRACUSE, N.Y. -- The Syracuse Industrial Development Agency has cleared the way for a new financing deal on the Destiny USA project.

J.P. Morgan-Chase has agreed to refinance a $310 million mortgage on the mall, along with a $110 million construction loan.

The deal ran into problems over the bank's insistence that it be protected from shouldering environmental cleanup costs in the event of any future foreclosure.

The SIDA board now has an agreement from Pyramid companies, Destiny USA's developer, that it will have insurance in place to cover those costs should any foreclosure happen.

“I've been satisfied with interactions from all parties. Very professional. Very above board. In trying to work toward a resolution where, theoretically, everybody will benefit,” said SIDA Board Chairman William Ryan.

The SIDA vote appears to clear the way for the financing to finish work on the mall expansion, which is expected to open for business this spring.