American Dream, the $5 billion entertainment-and-shopping venue in New Jersey hit by reduced business in the pandemic, has less than $900 in a reserve account to make a multimillion-dollar debt-service payment in August, according to a securities filing.
American Dream Megamall’s Debt Reserve Is Nearly Drained Dry With Sales Stifled by Pandemic
Loan Servicer Said Updated Information Should Have Been Provided to Bondholders
By Linda Moss
CoStar News
February 4, 2022 | 12:52 AM
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IN THIS ARTICLE
- Properties
- American Dream Meadowlands Mall
1 American Dream Way, East Rutherford, NJ
- One Alliance
3500 Lenox Rd, Atlanta, GA
- Mall of America
401 South Ave, Bloomington, MN
- Companies
- Trimont Real Estate Advisors
Real Estate
- New Jersey Economic Development Authority
Public Administration