N.J. Approves $800 Million Bond Plan to Complete Mega Mall

Updated on
  • Landmark eyesore alongside Turnpike promised for 10-plus years
  • American Dream financing through Wisconsin-based authority

Cranes stand above the American Dream in East Rutherford, New Jersey, on May 20, 2015.

Photographer: Michael Nagle/Bloomberg

New Jersey’s Local Finance Board approved a plan to use an out-of-state lending agency that specializes in risky securities to finance an $800 million bond sale to resurrect American Dream, the unfinished mega mall begun more than a decade ago.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.