Financing finalized for long-delayed Meadowlands megamall

Posted: Updated:

EAST RUTHERFORD, N.J. (AP) - Officials say the $2.8 billion in financing needed for a massive retail and entertainment center in the Meadowlands sports complex has been secured, clearing the biggest hurdle to completion of the long-delayed project.

East Rutherford and the New Jersey Sports and Exposition Authority officials say work can now move forward on the American Dream megamall.

The project been plagued by financial problems since the first contract was awarded in 2003.

The immense structure, once called "the ugliest damn building in New Jersey" by Republican Gov. Chris Christie, has sat unfinished between MetLife Stadium and the New Jersey Turnpike for years.

It's hoped the complex could open by the spring of 2019.

It's planned to feature high-end retail, a water park, indoor rollercoasters and a skating rink.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • New Jersey SlideshowsGalleriesMore>>

  • PHOTOS: George H.W. Bush through the years

    PHOTOS: George H.W. Bush through the years

    George H.W. Bush, the 41st president of the United States, died Nov. 30 at the age of 94.

    George H.W. Bush, the 41st president of the United States, died Nov. 30 at the age of 94.

  • Your 2018 New Jersey Holiday Lights Photos

    Your 2018 New Jersey Holiday Lights Photos

    Monday, December 10 2018 12:00 AM EST2018-12-10 05:00:41 GMT
    Alan Woinski's display on Pascack Road in Paramus.Alan Woinski's display on Pascack Road in Paramus.

    Do you think you have a great holiday lights display? Check out some of the submissions for the News 12 New Jersey Lights Up the Holidays series.

    Do you think you have a great holiday lights display? Check out some of the submissions for the News 12 New Jersey Lights Up the Holidays series.

  • Gift Guides: Gifts for everyone on your list

    Gift Guides: Gifts for everyone on your list

    Wednesday, December 5 2018 7:37 AM EST2018-12-05 12:37:03 GMT
    From Jack-Jack, of the "Incredibles," to the newest Fingerlings toy, we have a list of the hottest toys for the kids in your list!From Jack-Jack, of the "Incredibles," to the newest Fingerlings toy, we have a list of the hottest toys for the kids in your list!

    We have a list of the best gifts for everyone on your list!

    We have a list of the best gifts for everyone on your list!

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."