Friday, April 22, 2016

Nobody Could Have Predicted

Christie's NJ legacy: trying to prop up casinos in AC (fail) and a megamall no one will ever go to (likely fail).

EAST RUTHERFORD, N.J. (CBSNewYork) — It looks like there will be more delays on construction of the anticipated ‘American Dream’ entertainment complex in the Meadowlands, as developers struggle to finance the completion of the project.

Triple Five, the project’s developer, was supposed to start selling $1 billion in public bonds last month to pay for the project’s completion, WCBS 880’s Stephanie Colombini reported. But now, that self-imposed deadline is being pushed to the early summer.

The 80s are calling. They want their economic development strategies back.