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Originally Posted by CIA
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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It will probably be the biggest tourist attraction in NJ from the day it opens. It's also good in that it's a transit-oriented development, and part of the recentering of the metropolitan area into the core. And it offers many things just not available elsewhere (indoor amusement park, indoor ski hill, mega-ferris wheel, etc.). It should draw a ton of tourists who otherwise would stick mostly to Manhattan.
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.