Stalled Mega-Mall Gets $1B Infusion

Just when most tri-state shoppers had given up hoping (and discussing) the beleaguered Meadowlands, N.J. retail project, the New York Times reports yet another reprieve: Governor Chris Christie and Mall of America developers are infusing an additional $1 billion dollars into the project.

The augmented budget is set to include a square footage expansion, rename, and re-vamp of the multi-colored, multi-materialed exterior.

Governor Christie, who himself is reported to have referred to the Triple Five-owned property as "the ugliest damn building in New Jersey and maybe America" has agreed to low-interest state financing and the new name — American Dream Meadowlands — for the project, which was conceived eight years ago, and been on hold for approximately two.

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