Thursday, April 28, 2016

Casinos and Megamalls

Chris Christie has been the best 1980s New Jersey governor.

Entering the fifth year since Triple Five took over the Mills Mall, it has rebranded it as a retail, entertainment and Dreamworks amusement park, but the scarcity of hardhats on-site has local officials questioning whether the $3.1 billion project is on hold.

In 2011, as Bruce Springsteen's "The Rising" blared at the sports complex, Gov. Chris Christie posed with tradesmen in union tees, promising the 2.9-million-square-foot project would break ground and put thousands of construction workers back to work within a year. In the past three years, the only part of the "million dollars a day," which Triple Five stated they would spend in work on-site, seems to be for architects, planners and engineers. Additionally, Triple Five recently announced that the $675 million in bonds, which East Rutherford has yet to issue to subsidize part of the $2 billion needed to complete the project, would not be for sale until early summer.