Posted on

American Dream Wins $850M Property Value Cut in Tax Court Ruling

IMG 20231025 124947044 MP scaled

the staff of the Ridgewood blog

EAST RUTHERFORD, NJ — The American Dream megamall just scored a major legal victory — and it could have big financial repercussions for taxpayers, bondholders, and nearby towns.

Continue reading American Dream Wins $850M Property Value Cut in Tax Court Ruling

Posted on

Bergen County Opens Cooling Centers as Heatwave Pushes Temperatures Above 90 Degrees

520298355 1280612203623120 4752739966701236028 n

the staff of the Ridgewood blog

BERGEN COUNTY, NJ — With temperatures expected to climb above 90 degrees this week, Bergen County Executive Jim Tedesco announced in a Facebook post that the county has opened five cooling centers to help residents stay safe during the heatwave.

Continue reading Bergen County Opens Cooling Centers as Heatwave Pushes Temperatures Above 90 Degrees

Posted on

American Dream Sues Insurers Over $20.5M Loss from Water Park Helicopter Collapse

Dreamworks Kiddie Slides 768x605 356783091

the staff of the Ridgewood blog

East Rutherford NJ, the developers of the American Dream mall are taking five insurance companies to court over more than $20 million in losses they claim resulted from a decorative helicopter falling from the ceiling of the DreamWorks Water Park in February 2023.

Continue reading American Dream Sues Insurers Over $20.5M Loss from Water Park Helicopter Collapse

Posted on

American Dream Mall Sees $800M Drop in Property Value Amid Leasing Woes and Tax Disputes

IMG 20231025 124947044 MP scaled

the staff of the Ridgewood blog

East Rutherford NJ, the American Dream megamall, the second-largest mall in the United States, is facing financial and legal headwinds in 2025 as its assessed property value dropped by over $800 million, or 24%, according to local tax officials.

Continue reading American Dream Mall Sees $800M Drop in Property Value Amid Leasing Woes and Tax Disputes