Governor Chris Christie of fresh Jersey is acknowledging that one of his big initiatives won't be completed by the time he leaves office next January: the American Dream mega-mall in the Meadowlands.
The development could cost close to $5 billion and is receiving public support – a portion of sales tax receipts will be used to repay bondholders.
Since Christie was first elected,he's made four visits to the vast construction site overlooking the fresh Jersey Turnpike.
At a rally-style event at the construction site on Monday, there were workers in tough hats. More than 600 of them are now at work on American Dream. There were also leaders from Triple Five, and the Canadian Company Christie chose to capture on the project after two earlier developers failed to total the colossal shopping mall. The project was begun in 2003,under then-Governor Jim McGreevey, and was initially known as Xanadu.
When Christie selected Triple Five in 2011, and he said there'd soon be lots of jobs and economic activity. But there were so many delays,that a lot of the benefits of American Dream - whatever they may be - will occur under Christie's successors.“I'm thrilled to come up here as a private citizen at that point and see the results of the tough work this administration has put in with our partners,” Christie said.
Source: thetakeaway.org