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American Dream Closes on $1.6 Billion in Private Construction Financing On May 22, 2017. This past Friday, Triple Five Companies and the ghermezian family announced the closing of $1.6 billion in private construction financing for their American dream meadowlands project.
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"The now completed financing allows Triple Five to proceed with full construction of this unprecedented. http://www.prnewswire.com/news-releases/american-dream-completes-277b-construction-financing.
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AMERICAN DREAM CLOSES $1.67 BILLION CONSTRUCTION FINANCING New Jersey, May 19, 2017 — Triple Five Group of Companies, owners and operators of Mall of America and West Edmonton Mall, the two largest entertainment, leisure and shopping destination properties in North America,
Canadian developer Triple Five is hoping to restart construction next month on the long-delayed retail and amusement project in East Rutherford, N.J., called American Dream.
"The now completed financing allows Triple Five to proceed with full construction of this unprecedented project which will create tens of thousands of jobs, bring millions of tourists and billions of dollars in economic growth annually to Bergen County and the State of New Jersey. We look forward to unveiling American Dream to the world in March 2019," Ghermezian added.