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American Dream Meadowlands Faces Delays Over Funding

American Dream Meadowlands in East Rutherford.
American Dream Meadowlands in East Rutherford. Photo Credit: Wikimedia Commons

EAST RUTHERFORD, N.J. -- The 91-acre American Dream site on Route 3 East in the Meadowlands is expecting to sell $6 billion in public bonds this summer despite announcing additional funding delays, reports northjersey.com.

The borough agreed to issue $675 million in taxable bonds but East Rutherford Mayor James Cassella said he hasn't heard from developer Triple Five in over a year, reports northjersey.com.

Construction stopped at the site in December after some activity in the fall, reports northjersey.com.

Tony Armlin, Triple Five’s vice president of development, said they are ahead of schedule, eports northjersey.com.

Click here for the northjersey.com story.

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