John Brennan , Staff Writer, @BergenBrennanPublished 11:41 a.m. ET May 20, 2017 | Updated 10:47 p.m. ET May 20, 2017
In a move that could turn out to be the trigger for turning the long-dormant American Dream Meadowlands into a reality, project operator Triple Five 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 entertainment and retail project.
