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Developer secures key financing for long-stalled American Dream Mall

from NJ Spotlight

Despite concerns that a series of financing delays had doomed the project for good, the developer of the long-stalled American Dream Meadowlands megamall has now secured $1.67 billion in private financing to help relaunch its construction. While the project is not out of the woods yet, another key element of its complicated finance plan — a $1.15 billion bond issue — could also be completed in a matter of weeks, officials said. more

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