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New Jersey’s American Dream mall is a financial nightmare

DATE POSTED:June 30, 2020

Things seem to be going from bad to worse for the American Dream mall in the Meadowlands. Six months after the mall closed its recently opened doors because of the coronavirus pandemic, the bonds funding the project have decreased in value, according to NJ.com. A year ago, the $1 billion worth of bonds on the project were trading at $120 apiece and yielding 4.25 percent, but as of April they’ve dropped to $93.72 with a