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Xanadu: American Dream won’t be realized in time for Super Bowl
The developer planning to revive the failed Xanadu project as American Dream Meadowlands hopes to secure its full slate of financing for the plan by early summer, a spokeswoman for the firm said today.
The company, Canada-based Triple Five, is still lining up a complicated $1.8 billion financing plan for the project and working through an environmental review process for a portion of the site, said the spokeswoman, Jill Renslow. Completion of those segments, especially the financing, will allow the firm to immediately focus on leasing and remaining construction at the East Rutherford site. (Burd, NJBIZ)
