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American Dream Meadowlands (ADM) is a retail and entertainment complex located in the Meadowlands Sports Complex in East Rutherford, New Jersey. It was first proposed in 2003 by the Mills Corporation as the ''Meadowlands Xanadu''. After the bankruptcy of that company in 2007, the project was taken over by Colony Capital. In May 2009, construction stalled due to the bankruptcy of Lehman Brothers. The Triple Five Group announced intent to take over the mall in May 2011, and on July 31, 2013, officially gained control of the mall and the entire site, with ground-breaking set for late August. Construction officially began in November and the developer estimated it would take approximately 24 months to complete the project.〔Nicholaides, Kelly (August 2, 2013). ("American Dream Meadowlands handed over former Xanadu project in East Rutherford" ). NorthJersey.com.〕 In December 2014, the project was scheduled to partially open by Fall of 2016; however, as of June 2015, the project is now projected to be open by summer of 2017.〔.〕 ==History== The project started in July 2002 with a request for proposal issued by the New Jersey Sports and Exposition Authority for a project to be built adjacent to the (then-named) Continental Airlines Arena. In February 2003, the authority's board chose a joint venture between the former Mills Corporation and the Mack-Cali realty corporation, in partnership with the Sports Complex's owner, the New Jersey Sports and Exposition Authority. The project was selected over alternatives proposed by Westfield and Hartz Mountain Industries.〔 The project was billed by Mills chairman and executive officer Laurence E. Siegel as "...a new standard for bringing lifestyle, recreation, sports and family entertainment offerings together in one location." Ground was broken on the complex on September 29, 2004, and, at the time, was expected to open two years later. In November 2006, Colony Capital took control of the project from Mills Corp and pushed the projected opening to 2008.〔 In May 2009, construction on Xanadu, which was nearly 80% complete〔Sullivan, Al (August 25, 2013). "A dream comes true?" ''The Union City Reporter''. pp 5 and 12.〕 (and whose common areas were about 88% complete), came to a halt after a subsidiary of bankrupt Lehman Brothers missed payments, causing other lenders to withdraw from the project, and lost $500 million worth of construction funding. While developers stated the mall was 70% leased, it is unknown how many retailers stayed leased while the mall was delayed. In August 2009, Cabela's, a major anchor, announced that it did not plan to open its Meadowlands location until late 2010. Around the same time, the complex's website was relaunched with the new ''Xanadu Meadowlands'' name. In 2010, Stephen Ross, owner of The Related Companies in Manhattan, stated that he could finish the project by the end of 2010, possibly with a new name and look. In May 2010, the NJSEA handed the project over to the Related Companies, and the "Xanadu" name had been dropped, changing the name to "The Meadowlands". On August 10, 2010, Colony Capital surrendered control of the development of the mall to five lenders. A special governor's commission on the state's gaming and entertainment industry is filed recommendations to Governor of New Jersey. Four parties were noted to be interested in redeveloping the project. ''The Wall Street Journal'' on December 24, 2010, reported that Triple Five Group signed a letter of intent to invest in and finish the stalled mall. Triple Five proposed that the mall be expanded to include indoor amusement and water parks. Developers cut a deal with Deutsche Bank to provide an approximately $700 million loan to finish the project.〔 On February 1, 2011, after a record-breaking month of snow for the area,〔("Snowstorm Shatters New York City, Philadelphia Records" ). AccuWeather.com. January 27, 2011.〕 a 50 to 60-foot long section of the eastern wall had buckled and a horizontal crease was apparent on the complex's indoor ski slope. Two days later, on February 3, after workers were attempting to melt snow from the ski slope's roof, ice build-up caused the eastern wall to fail and suffer a partial collapse along an approximately length of roof. Michael Beckerman, a spokesman for the project’s lending group stated, "the Lender Group is aware of the damage to the roof caused by excessive snow and ice, but does not feel the damage affects the integrity of the structure. As such, the group has filed an insurance claim, and once the weather turns warmer, it will assess the damages and fix whatever is necessary." On April 29, 2011, the New Jersey Sports and Exposition Authority completed a deal with Triple Five Group, which currently owns two of North America's largest malls—West Edmonton Mall and Mall of America. Triple Five assumed ownership of the Meadowlands Mall and renamed it to "American Dream Meadowlands", with an opening date of Autumn 2013, months before Super Bowl XLVIII at MetLife Stadium, just across the highway. The deal was officially announced on May 3, 2011, and it was announced Triple Five had secured land across the highway from the mall to construct a domed theme park based on DreamWorks Animation and water park, opening in early 2014. The mall was delayed further by financing, permitting, and a lawsuit filed by the New York Giants and New York Jets over traffic concerns.〔Sherman, Ted (May 17, 2013). ("Sports Authority approves expanded American Dream proposal " ). NJ.com〕 Triple Five officially took ownership of the mall on July 31, 2013, with construction set to start in late August of that year, despite the Giants and Jets' lawsuit.〔 On March 13, 2014 the Triple Five Group announced a settlement was reached with the New York Giants and New York Jets allowing the long-delayed project to move forward. Construction has been ongoing since November 2013 and was expected to pick up in early 2014. Although no timetable for completion was announced, the developer originally said it would take about 24 months to complete the project once construction began.〔 That April, Triple Five released a revised design for the mall's exterior and confirmed a tentative opening date in late 2016. In June 2015, the New Jersey Local Finance Board approved a tax-sharing plan between East Rutherford and Triple Five. In August 2015, the New Jersey Economic Development Authority reauthorized a $390 million potential tax break for the project. These steps were intended to set the stage for a sale of up to $1 billion in government bonds to raise money to complete the project in time for its new projected completion in the second half of 2017.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「American Dream Meadowlands」の詳細全文を読む スポンサード リンク
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