Saturday, May 20, 2017

Not Dead Yet

It's a miracle!

Triple Five, the operator of the American Dream Meadowlands project, announced late Friday that it has closed on $1.6 billion in construction financing for the long-stalled project.

The deal is expected to set the stage in the coming days or weeks for a billion-dollar bond issuance that would provide the rest of the funding for the 2.9 million square foot first phase of the project.