NJ Town OKs Financing For $3.7B American Dream Project

Law360, New York (October 17, 2013, 7:13 PM EDT) -- The town of East Rutherford, where the $3.7 billion American Dream Meadowlands mall and amusement park is set to be developed, approved a resolution this week to fund up to $524 million in bonds for the project in exchange for up to $126 million from the developer paid over 30 years.

It’s the first step in what will be a long process toward structuring $1.9 billion in financing for the massive retail and entertainment complex, which has received several key approvals but is still mired in...
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