American Dream Deferred: Goldman Delays Pricing of Mall Bonds
- Offering statement for mall project has 36 pages of risks
- Pricing of sale, initially set for Wednesday, is postponed
Goldman Sachs Group Inc. delayed its sale of the American Dream.
The investment bank pushed off the planned pricing of $1.1 billion of unrated municipal bonds to finance the long-stalled shopping and entertainment center in New Jersey’s Meadowlands, about 10 miles (16 kilometers) west of Manhattan, according to three people familiar with the matter.