New Jersey is on the brink of realizing the American Dream -- if the definition is a mega-mall in the middle of a marsh at the Meadowlands. A state agency approved $1.2 billion of tax-exempt municipal bonds for Canadian developers Triple Five Worldwide.
The 2.9 million square-foot American Dream,
originally called Xanadu, features an indoor amusement park and water
park, an 800-foot indoor ski slope, a 300-foot Ferris wheel,
aquarium, 1,500-seat performing-arts theater, skating rink and a
1,400-seat movie theater with “wind, rain, snow, fog and scents all
synchronized to the on-screen action,” the company says. It will also
have 500 stores, restaurants and food shops.. . . more