What an abomination. It looks like the product of a dystopian society.
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American Dream’s elusive promise
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http://www.northjersey.com/story/opi...mise/95101430/ |
I hate this thing. How many public and private dollars have been spent on this thing. Throwing good money after bad. I hope the Meadowlands just sinks into the city. Only good thing to come from global warming.
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And the retail demand has been huge. They're lining up practically every luxury retailer in existence. They even got Saks to relocate from Mall at Short Hills, which is one of the most profitable luxury shopping centers on earth. On the other hand, yeah, why is a shopping/amusement/entertainment complex receiving public subsidies? The problem is that so many billions have been sunk into the complex, so it makes sense to finish. |
WNYC did a series on this project:
http://www.wnyc.org/story/mall-madness-part-one/ If you listen to it you realize it's even worse than you think. |
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How Not to Build a Supermall: $5 Billion, 5 Governors, 3 Developers, and 15 Years
Chris Christie once called American Dream “the ugliest damn building in New Jersey.” Will it ever open? https://www.bloomberg.com/features/2...an-dream-mall/ Quote:
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And, in any case, the subsidies already occurred. The important thing now is to finally open the complex and get the economic boost. |
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Been to Jersey Gardens lately? How about Garden State Plaza? Mall at Short Hills? These places are crawling with foreign tourists, who come by bus, car service or Uber to nearby malls. They even go to Woodbury Common, which must be at least 40 miles from Manhattan. There are so many foreign tourists at Jersey Gardens, I don't think that mall would even exist without the Manhattan tourist market in proximity. It seems almost purposely designed to attract the Brazillian and British and Chinese shoppers. Granted, I don't exactly get it. Who wants to visit a foreign country and then waste time at a mall, just to save a few bucks? But, trust me, people do it. My wife does it, my in-laws do it. Quote:
It isn't competing with Hudson Yards, at all, which will attract Manhattanites and some higher end tourists. American Dream will be more for families with kids and the tour bus crowd. The Cheesecake Factory/Dave and Busters crowd isn't going to be attracted to the chef-driven restaurants and luxury boutiques at Hudson Yards. Here are some of the uses at American Dream: Indoor ice rink (NHL-sized). Nickelodeon Universe indoor theme park. DreamWorks-themed Water Park – A year-round indoor water park. Movie theater – 26 screen movie theater with outdoor lounge overlooking Manhattan. Concert hall – 2,400–3,000 seat performing arts and concert venue. Indoor ski slope. Miniature golf course Lucky Strike bowling alley. Legoland Discovery Center. Sea Life aquarium. Quote:
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Interesting - I haven't been a NJ resident for years and therefore haven't recently patronized any of the malls, so I'll take your word for it. I find it intriguing though that tourists would pay to commute in and out of Manhattan in order to shop at a suburban mall in NJ or LI or wherever.
I hadn't realized they plan on cramming all of those attractions under one roof. Do you know if the new concert hall will mean the demolition of the IZOD Center? |
http://thedoctorsdigest.com/wp-conte...n-laughing.png
Work on Meadowlands mall has stalled and developer won't answer questions http://www.nj.com/bergen/index.ssf/2...epage-featured Quote:
https://s-media-cache-ak0.pinimg.com...353ac208b6.jpg http://youngjournalistacademy.com/wp...ng-old-guy.jpg |
The developers haven't even had the bond offering yet, so it isn't clear why they would expect construction at this time.
And construction hasn't been stalled since December. It hasn't moved since summer, and was never expected to restart until after the bond offering (which can't even occur until there's a public vote on the offering). |
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http://money.cnn.com/2017/06/02/news...lls/index.html
Malls are doomed: 25% will be gone in 5 years Quote:
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the maps are new on wiki/google you can see those same cranes |
The bond offering was completed, and this project is now fully financed, BTW. 75% leased.
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A little off topic, Amazon is now worth close to $500 billion and internet sales continue to take a bigger bite at bricks and mortar stores. I wonder how the retailers at the WTC Hub are doing? The only one I see doing any real business is the Apple store. IF American Dream is built, how would this impact other area malls since forecasts are calling for at least 20 percent to be out of business within the next 5 years.
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The NY area is underretailed compared to the rest of the country and never had the massive explosion of suburban retail in the 80's and 90's. I'm sure places like Garden State Plaza and Mall at Short Hills will be fine. If they aren't fine, then that's OK too, that's capitalism. |
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anybody know how to post wiki map screen shots? |
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