$3.7B American Dream Mall Gets Roughly $800M In Bonds

Law360, New York (October 31, 2013, 9:28 PM EDT) -- New Jersey’s long-delayed $3.7 billion American Dream Meadowlands mall came closer to fruition Thursday, after a state funding board signed off on granting around $800 million in bonds to help fill the project’s $1.9 billion budget deficit.

At a monthly meeting of the Local Finance Board, a division of New Jersey’s Department of Community Affairs, American Dream Meadowlands was given a positive finding, which grants the project’s developers access to up to $550 million, issued by East Rutherford, N.J., the site for the mega-mall. Those bonds...
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