American Dream Mall Sees $800M Drop in Valuation, Raising Concerns for Bondholders

The American Dream entertainment and retail complex in New Jersey’s Meadowlands has suffered a sharp hit to its assessed value—down by $800 million—fueling new concerns for municipal investors tied to the troubled mega-project. A revised property tax assessment from the Borough of East Rutherford now values the 3.5 million-square-foot site at $2.5 billion, according to … Continue reading American Dream Mall Sees $800M Drop in Valuation, Raising Concerns for Bondholders