Neither the New Jersey Sports and Exposition Authority nor the state Economic Development Authority has imposed a deadline on Triple Five, the developer of American Dream Meadowlands, to complete the 2.9-million-square-foot shopping and entertainment complex.
Triple Five officials have said recently that their goal is to issue the first segment of a $1 billion bond offering next month, followed by the second segment in April. The EDA in the fall of 2013 approved Triple Five's plan to issue bonds related to a total tax break of $390 million, with two six-month extensions granted in 2014 and another 90-day extension in mid-2015.
Monday, February 15, 2016
Vaporware
Just checking in with one of my obsessions. This will never open, but everyone pretending that it will open will still manage to get rich. The grift is strong.