EAST RUTHERFORD - Triple Five, which owns the giant Mall of America in Minnesota, announced that it has signed a letter of intent to transform the Meadowlands into a world-class tourist destination.

The Mall of America, located just outside of Minneapolis, attracts more than 60 million visitors a year. Fifty percent of its visitors travel 150 miles to shop there.

Gov. Chris Christie (R-N.J.) says he hopes Triple Five can replicate the success of the Mall of America at the Meadowlands.