American Dream NJ mall misses deadline for $290M debt payment
American Dream's operators missed an Aug. 1 deadline for a $290 million debt payment.
Source: dailyrecord.com
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Debt service challenges continue for American Dream mall
The New Jersey mall, the nation's second largest, faces an interest payment on Aug. 1 after drawing down a debt service reserve for a payment earlier this year.
Source: bondbuyer.com
Editorial: American Dream owes NJ taxpayers. It's time to pay
Triple Five, developers of American Dream, are now years behind on some PILOT payments. It's time the mall pays up to North Jersey municipalities.
Source: njherald.com
American Dream NJ mall misses millions in payments, Meadowlands say
The dispute centers on whether the mall must reach 100% occupancy, an uncertain goal at best in a shaky retail market.
Source: njherald.com
NJ hasn't cleared American Dream mall grant as debt payment looms
The 3.5 million-square-foot megamall has about $820 left in a reserve account, and is scheduled to make a $9.3 million payment by Aug. 1
Source: crainsnewyork.com