Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Which means no one is going to come in a takeover from current owners.
Probably not. It will sell, without question. It just might not sell for what's owed on it currently.
Look at Revel in AC. At $12B no one was interested. Not one! After the lender took possession and wanted to sell for dimes on the dollar -- wow, what a surprise -- there were several interested parties! LOL.
Didn't they used to call this "Xanadu?"
Just another stupid NJ money spend.
Yes, it was originally supposed to bear the name "Xanadu".
The project was initially floated by The Mills Corporation, which was based in Maryland.
After Mills went belly-up, the project moved forward under Colony Capital, which was headquartered in Florida. When Colony couldn't make a go of it, Triple Five Group--of Canada--bought the complex, and completed it.
While it was probably never a good idea, this didn't involve "NJ money".
Yes, it was originally supposed to bear the name "Xanadu".
The project was initially floated by The Mills Corporation, which was based in Maryland.
After Mills went belly-up, the project moved forward under Colony Capital, which was headquartered in Florida. When Colony couldn't make a go of it, Triple Five Group--of Canada--bought the complex, and completed it.
While it was probably never a good idea, this didn't involve "NJ money".
These projects never go forward unless some kind of tax break, or tax money involved otherwise it never even have chance at making back what the private speculator paid in amount of time the private speculators consider acceptable.
Went there again last Saturday because my daughter wanted to check out the Mr. Beast restaurant. Parking is still a mess, had to circle around for 10 minutes before we figured it out.
They need to get creative with the amount of space they still have left unused. One good thing it has going are the food choices. There are a lot more restaurants compared to your regular mall. I think it would be great if they add a food court themed after the food markets that you see in Asian cities.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
