Yahoo Finance
On October 26, eight miles west of Manhattan in East Rutherford, New Jersey, the doors swing partially open to a mega, don’t-call-it-a-mall, entertainment and retail venue betting that it can sidestep the “Retail Apocalypse.”
“We have spent about $2 billion worth, plus we had another $3 billion dollars that had been spent by prior developers, so all-in, you’re looking at a magnificent $5 billion dollar project,” Paul Ghermezian, general partner of Triple Five Worldwide, the developer of American Dream, told Yahoo Finance during an on-site preview of the property.. . . more
