NY Jets, Giants’ suit to stop Meadowlands will proceed

New York /
Aug.August 28, 2013 02:02 PM

A New Jersey judge has declined to dismiss a lawsuit the New York Giants and New York Jets brought against Triple Five Group’s proposed American Dream Meadowlands megamall.

Thanks to the decision by State Superior Court Judge Peter Doyne, the suit against the New Jersey Sports & Exposition Authority and developer Triple Five Group will now move forward.

The lawsuit claims that Edmonton-based Triple Five and the New Jersey Sports & Exposition Authority, in their planning of the megacomplex, were in violation of a 2006 agreement over the mall’s original design.

Formerly dubbed Xanadu, the mall was originally supposed to open in 2007 but stalled during the financial downturn. Until Triple Five took the reins in late 2010, the project was dormant for a number of years. [WSJ via AP] — Julie Strickland


Related Articles

arrow_forward_ios
Triple Five Group CEO Don Ghermezian and American Dream Mall in East Rutherford (RSM Design, Triple Five Group, Arkyan, CC BY-SA 3.0 - via Wikimedia Commons, iStock)
Towns demand American Dream mall fork over $9M
Towns demand American Dream mall fork over $9M
Don Ghermezian, CEO, Triple Five Group, in front of the American Dream Mall in East Rutherford (Triple Five Group, American Dream Mall)
American Dream mall can’t catch a break
American Dream mall can’t catch a break
Triple Five Group's Don Ghermezian (Triple Five Group, American Dream Mall, iStock)
American Dream has 9 days to avoid default
American Dream has 9 days to avoid default
The American Dream mall (middle) with the Mall of America in Minnesota (left) and the West Edmonton Mall in Canada (right) (Getty, iStock)
Had American Dream “burned down,” it would have been better: exec
Had American Dream “burned down,” it would have been better: exec
The American Dream mall in East Rutherford, New Jersey (Getty)
Bonds for troubled American Dream mall up 25% this year
Bonds for troubled American Dream mall up 25% this year
Placeholder image
Meadowlands makes headway on financial, legal hurdles
Meadowlands makes headway on financial, legal hurdles
American Dream mall developer receives $390M tax break
American Dream mall developer receives $390M tax break
American Dream mall developer receives $390M tax break
Renderings of the American Dream Meadowlands
Meadowlands snagging deals for major retail flagships
Meadowlands snagging deals for major retail flagships
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...