American Dream Mall Bonds Gain More Than 20% as Traffic Picks Up
- Mega-mall reported $39 million of sales in fourth quarter
- Triple Five Group borrowed $1 billion to finance mall in 2017
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Municipal bond buyers are wagering on a big recovery for the American Dream.
Bonds issued for the mall and entertainment complex in New Jersey’s Meadowlands have returned more than 20% so far this year as consumers come back and investors snap up the riskiest securities.