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Two of American Dream's main attractions are set to open in May after being delayed for nearly a year due to the COVID-19 pandemic.  The property's Sea Life Aquarium and Legoland Discovery Center are set to open on May 4, according to Merlin Entertainments, which operates both attractions. The two venues will add to the complex's entertainment options, with an indoor snow park and Nickelodeon-themed rides.  The 25,000-square-foot aquarium includes more than 10 interactive exhibits inspired by local landmarks, the company said, including “Sharks Fish Avenue,” and “Urban Jungle." Its ...

Amid cash-flow problems, the owners of the American Dream mall stand to lose their stakes in two other mega malls.

Cash crisis at American Dream will likely lead developer to lose 49% stake in Mall of America Updated Mar 12, 2021; Posted Mar 11, 2021 Facebook Share A cash flow crisis with the American Dream project will “likely” lead financial lenders to take the collateral that was pledged by developer Triple Five — a 49% stake in its Mall of America and the West Edmonton Mall, a Triple Five representative said at a public meeting. “It would have been much better if American Dream had burned down or a hurricane had hit it, financially,” said Kurt Hagen, senior vice president of development fo...

A Mall of America official disclosed last week that lenders are likely going to take a 49% equity stake in the Bloomington megamall after the pandemic hampered its operations elsewhere.Why it matters: Valued at $1.9 billion, MOA is perhaps the largest real estate asset and tourism driver in the state — and lenders are likely have a very large voice in what happens to its future.Get market news worthy of your time with Axios Markets. Subscribe for free."We have to wait and see if there is any impact [to Bloomington]," Bloomington Port Authority administrator Schane Rudlang told...

POLITICO Get the New Jersey Playbook newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by Ørsted Good Tuesday morning! Apparently, after adding a controversial amendment to a bill that stalls it, the best way to get it moving again is to add more controversial provisions. That’s pretty much what happened with a...