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News & Rumors

 


American Dreams Meadowlands
Proposed Mall / Theme Park / Waterpark
(Formerly known as the Xanadu project)

East Rutherford, New Jersey
Triple Five

 

icon_STOPAttraction / Development News - (5/5/14) According to News Plus Notes, the American Dream (formerly Xanadu) mega mall is back on track to finally open in Fall 2016, complete with an amusement park and water park.
    (3/13/14) I’m happy to report that construction to finish the American Dreams Meadowlands project is set to begin “almost immediately”, as the developer has settled the dispute with the New York Giants/Jets. Looks like they just need to sign off on all their financing to finish the project and get it moving towards an opening day as soon as possible after being stalled out for several years.
    (8/27/13) According to this news update, a Judge will make the final ruling over the disputes between Triple Five and the New York Giants/Jets teams regarding the future of the American Dream Meadowlands project area later this week.
    (8/26/13) According to this news report Triple Five closed the deal to officially purchase the American Dream Meadowlands property, formerly known as Xanadu. With the giant retail complex 80% complete before stalling out years ago, Triple Five is expected to break ground with crews once again to finish it up, dropping an additional $1.9 billion into the complex with the hopes of opening it within 18-24 months. It will be nice to see some new progress made here once they get things going, though I’m sure the battle with the New York Giants & Jets is far from over.
    (7/14/13) Here we go again… fighting and disagreements have started again between the New York Jets and Giants football teams and the developers behind the American Dream project, with all the lawsuits filed from both ends. Will this never end?
    (5/20/13) Great news came this week for the American Dream complex at the Meadowlands as the New Jersey Sports Exposition Authorty, against the wishes of the New York Giants and Jets teams, unanimously approved plans for allow the complex to build the amusement and waterpark expansions to the complex. So unless I’m mistaken, this may have been the last hurdle needed for Triple Five to begin work on finishing the mall and building the amusement aspects of the project. No word yet on when construction will begin again on the stalled out complex.
    (5/13/13) The latest plan to revive the American Dream Meadowlands retail and amusement complex (formerly known as Xanadu) now involves a new conflict over the evolution of what once was a pedestrian bridge bridge over a road that would connect the complex to the Meadowlands Sports Complex. The plan from Triple-Five now has expanded this pedestrian bridge into a three-story enclosed building structure that would span over the road and contain an atrium, ice rink and retail booths.
    The proposal has not been previously aired publicly, but representatives for the NY Giants and Jets say that this is a substantial change from the old bridge plan and they need to analyze the concept to determine the impact it might have on the site, traffic and congestion issues. So in other words… more delays and a near-zero chance of having the complex open in time for the 2014 Superbowl crowds.
    (1/16/13) In December, Govennor Christie mentioned that work will resume on the American Dream Meadowlands project in January 2013… but so far, nothing has happened. Click here to read more about this stalled project.
    (12/10/12) According to the latest news update the American Dream Meadowlands project is very close to getting final environmental approvals to go ahead with their proposed indoor water and amusement parks. Two big hurdles in the way however are to secure the $2 billion in public/private financing needed to complete it all and the legal objection by the New York Giants & Jets over how the site will handle the combined traffic from the American Dream Meadowlands mixed with the Meadowlands Sports Complex on game days. The ironic thing mentioned however is that the so-called local county “Blue Laws” would prevent the retail portion of the mega-mall from even being open on Sundays, the typical day most NFL games are played, leaving only a fraction of the traffic coming into the area for the water and amusement parks compared with the typical retail mall traffic patterns.
    (7/30/12) Several approvals were issued to Triple Five for their new expansion plans for the American Dream Meadowlands project from the Department of Environmental Protection. There are still a few more hurdles left to be cleared, but things are moving in the right direction at last.
    (7/16/12) The latest buzz about the planned theme park planned for the American Dream mall reveals that the owners are planning on the park to feature themes and characters from Dreamworks Animation.
    (6/27/12) In a rather unfortunate move, lawyers for the New York Giants and New York Jets have filed for an injunction to block the American Dream Meadowlands project from building the amusement and waterpark additions, claiming there may be possible traffic impacts on the area that would affect them on “game days”.
    A local mayor has called the teams out for being greedy and selfish for trying to block something that would not only create many more jobs, but provide income seven days a week, as opposed to the football schedule that would see a team playing in the nearby stadium about once a week in the fall and winter months.
    According to East Rutherford Mayor James Cassella, “The Giants and Jets have gotten tax breaks. Now they want more preferential treatment that would deny jobs and millions of dollars in sales tax income. I have never seen corporations act so selfishly. The teams were never concerned about traffic congestion when they were building...now they have traffic problems all of a sudden.”
    (6/8/12) Financing for a $700 million loan to complete the American Dream Meadowlands mall, as well as add an amusement park and water park, is said to be close to being finalized.
    (4/10/12) Progress on the American Dream Meadowlands project is stalled, pending a final signoff required federal signoff on their plans to add a waterpark and amusement park to the property.
    (11/16/11) The new owners / developers of the American Dream Meadowlands project (aka: Xanadu) are asking for permission to develop 5 acres of wetlands to finish up their concept of what is needed to make the destination mall a success, which would include an indoor amusement park and waterpark inside a glass dome, the indoor ski slope and more.

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Track Record

American Dream Meadowlands
East Rutherford, NJ
Triple Five
Formerly: Xanadu



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