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American Dream Mall Sees Significant Boost in First-Quarter 2024 Earnings

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the staff of the Ridgewood blog

East Rutherford NJ, American Dream, the sprawling retail and entertainment complex in the Meadowlands, reported a significant increase in its first-quarter earnings for 2024, according to public filings. The 3 million-square-foot mall in East Rutherford, owned by Canadian developer Triple Five, generated nearly $148 million in gross sales from January to March, encompassing revenue from retail, attractions, entertainment, dining, and parking.

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Bergen Community College to Open Innovation Center in Lyndhurst

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the staff of the Ridgewood blog

Lyndhurst NJ, Bergen Community College will hold a Ribbon-cutting event celebrating the opening of the Innovation Center at Bergen Community College at the Meadowlands. On Wednesday, November 29, 10 a.m. At Bergen Community College at the Meadowlands, 1280 Wall Street West, Second Floor, Lyndhurst.

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NJ STATE FAIR MEADOWLANDS OPENS THURSDAY

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New Jersey’s Single Largest Family-Friendly Event Kicks Off Thursday June 22

the staff of the Ridgewood blog

East Rutherford NJ, State Fair Meadowlands is opening its doors on Thursday June 22 at 6 p.m., and you don’t want to miss the fun! Opening day free entertainment at New Jersey’s Largest Family-Friendly Event include: Paul Bunyan Lumberjack Show, Pirates of the Colombian Caribbean, as well as perennial favorites such as Cycle Circus LiveMagician Lance Gifford, Hypnotist Steve Bayner and Racing Pigs

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Multiple Truck Fire Closes Route 120 in East Rutherford

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Photo Courtesy: Justin Derevyanik and ERFD

the staff of the Ridgewood blog
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East Rutherford NJ, just before 2pm, the East Rutherford Fire Department was dispatched to 288 Paterson Plank Road for a report of multiple trucks on fire. Arriving units found three tractors with attached trailers well involved and worked quickly to extinguish the fire. Route 120 was temporarily closed to allow for a water supply line to be established.

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Bergen County Prosecutor Investigating a Death at the Super 8 Motel in Carlstadt

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the staff of the Ridgewood blog

Carlstadt NJ, the Bergen County Prosecutor’s Office Major Crimes Unit is investigating a death at the Super 8 Motel, 395 Washington Avenue, Carlstadt, NJ. On Tuesday, February 28, 2023, a female patron of the hotel was discovered deceased. The decedent’s name is being withheld at this time pending notification to next of kin.

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More Trouble Facing Xanadu

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the staff of the Ridgewood blog

East Rutherford NJ, The American Dream Mall in East Rutherford is facing more challenges. American Dream, LLC., the Triple Five company that owns the American Dream site, has filed a lawsuit against Villa Restaurant Group for breaching its contract. Villa Restaurant Group signed a lease in June 2015 to open a Green Leaf and Tony + Benny’s Pizza Parlor in the mall, but construction is still not complete. A number of construction companies have filed liens against the property saying that they are owed nearly $41 million for work completed.

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NJ State Police Charge Four in Fatal Double Shooting at the Meadowlands Racetrack

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the staff of the Ridgewood blog

East Rutherford NJ,  Colonel Patrick J. Callahan and Bergen County Prosecutor Mark Musella announced today that the New Jersey State Police have arrested Tariq Gathers, 24, Victor Geslicki, 19, Nyshun Morris, 19, and a 16-year-old male, all of Jersey City, N.J. for the fatal shooting of two men yesterday in the parking lot of the Meadowlands Racetrack.

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NJ State Police : 2 people killed in Meadowland Racetrack shooting

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the staff of the Ridgewood blog

East Rutherford NJ, NJ State Police report that two people were fatally shot in the parking lot of Meadowlands Racetrack on Route 120  in East Rutherford late Sunday.  Officials say one of the victims died at the scene and the other at the hospital.
New Jersey State Police say four people are in custody in connection to the incident.

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NJ TRANSIT Express Bus Service to the American Dream Mall

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the staff of the Ridgewood blog

East Rutherford NJ, NJ TRANSIT can help you reach American Dream, New Jersey’s new entertainment, retail, and dining destination in the Meadowlands, with express bus service every 30 minutes, convenient connections from every train line that serves Secaucus Junction, and easy access from multiple local bus routes.

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Sierra Club: Governor Murphy is out there touting New Jersey’s biggest land-use and financial failure of the last 20 years

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the staff of the Ridgewood blog

East Rutherford  NJ, Today Governor Murphy stood alongside developers to promote the American Dream mega-mall proposal in the Meadowlands. The American Dream proposal includes 109 acres being added to the Paterson Plank Road Redevelopment Area. This project with a mall and entertainment complex was supposed to open years ago. The New Jersey Sports and Exposition Authority would give the final approval on which properties would be added for redevelopment. The Meadowlands is an extremely environmentally sensitive and flood-prone area and the New Jersey Sierra Club opposes this development.

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American Dream Meadowlands back to life? Badly-needed funding arrives

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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.

https://www.northjersey.com/story/news/2017/05/20/american-dream-meadowlands-back-life-badly-needed-funding-arrives/334012001/

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N.J. salt marshes in danger of disappearing

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By The Associated Press
on February 11, 2017 at 11:25 AM, updated February 11, 2017 at 11:26 AM

WELLS, Maine — Scientists working on an assessment of salt marshes along the U.S. coast say half of those they studied will be gone in 350 years if lost ground isn’t regained.

Salt marshes provide vital habitat for animals and are important for their role in coastal protection. But the ecosystems along the coasts are falling victim to pressures such as sea-level rise and changing land uses, and are flooded frequently by seawater.

The U.S. Geological Survey set about to determine the danger erosion poses to eight salt marshes on the two coasts. The agency says it was surprised to find all eight of the marshes losing ground, some severely.

https://www.nj.com/news/index.ssf/2017/02/half_of_us_salt_marshes_to_disappear_without_chang.html

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Xanadu Still Nothing More than and Eyesore

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Men Not at Work at Troubled Mall Development

Feb 2, 2017 · by Ilya Marritz

The half-built American Dream mall in New Jersey’s Meadowlands has yet again missed a target date to secure construction financing, raising fresh questions about the developer’s ability to complete the project.

On December 8th, developer Don Ghermezian told WNYC all the money is teed up  — nearly $2.7 billion dollars to complete work on the 90-acre mall near Met Life Stadium. The money is to be raised through tax-free municipal bonds and through private borrowing.

“I anticipate that prior to the Christmas holiday the public will know fully about the commitment on the financing,” Ghermezian said.

But Christmas came and went. Then a company spokesman said early January was more likely. Now it’s February, and there’s still no news of how the Ghermezians’ company, Triple Five, will pay to make a retail and entertainment pleasure dome out of the eyesore on state-owned land next to the New Jersey Turnpike.

https://www.wnyc.org/story/men-not-work-troubled-mall-development/

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American Dream ongoing nightmare

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August 12, 2016

The state can’t scrape up the money to fix the state’s roads and bridges, fully fund its schools or pay for the pensions of retired state workers. But, somehow, it found a way this week to approve an $800 million bond after previously authorizing $350 million in tax breaks for a $3.1 billion megamall in the Meadowlands.

The state’s Local Finance Board, an arm of the state Department of Community Affairs, this week approved the bond for the massive Meadowland America Dream shopping and entertainment complex, known during a previous incarnation as Xanadu. After two false starts attributable to the project’s inability to get private financing, the project was taken over in 2011 by Triple Five, a Canadian firm, nearly a decade after it was first approved.

Last week’s approval by the Local Finance Board, and the approval of a financing agreement a day earlier by the mall’s landlord, the N.J. Sports & Exposition Authority, came unaccompanied by any outrage from state lawmakers other than Michael Doherty, R-Warren.

Why the silence? Perhaps legislators didn’t want to call further attention to the irony of their providing bonding for a private venture at a time they can’t scrape up enough money for the state’s basic needs, despite having the highest property taxes in the nation.

https://www.app.com/story/opinion/editorials/2016/08/12/american-dream-meadowlands-bond/88634812/

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Sweeney, Lawmakers Push Casinos and Jersey Unity in the Meadowlands

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A coalition of New Jersey legislators gathered in front of the offices of the Meadowlands Chamber of Commerce to highlight what they feel is a necessary expansion of casino gaming away from only Atlantic City and into North Jersey. At the event Democrats Senate President Steve Sweeney, Senator Paul Sarlo, Senate Majority Leader Loretta Weinberg, Senator Bob Gordon, Bergen County Executive Jim Tedesco and several Bergen County freeholders spoke in favor of the expansion. Alyana Alfaro, PolitickerNJ Read more