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American Dream Megamall Blames New Jersey for Missed $8.8 Million Bond Payment

Surprise Assertion Adds More Complexity to Development’s Financial Woes
American Dream’s attractions include the indoor DreamWorks Water Park. (CoStar)
American Dream’s attractions include the indoor DreamWorks Water Park. (CoStar)
CoStar News
August 2, 2022 | 11:33 P.M.

The developer of American Dream, the $5 billion megamall in the Garden State, claims the state of New Jersey was responsible for, and failed to pay, an $8.8 million debt-service payment due Monday for $290 million in municipal bonds for the project.

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