Aspen, Whistler, Killington...and now, at $3.18 BILLION...East Rutherford
Back in the news again...
The Big Q is a piker compared to how we make money disappear here in New Jersey. We don't need any paltry EB-5 funding!
Last summer, East Rutherford approved $675 million in bonds for American Dream. A month later, the project was given close to $400 million in tax breaks through Economic Redevelopment and Growth.
EAST RUTHERFORD — American Dream has teamed up with a big name in the mountain industry known for its partnerships with famous resorts such as Aspen, Whistler and Killington to bring year-round ski-town life to North Jersey.
The developers of the long-stalled Meadowlands project, Triple Five, announced Monday that Snow Operating will run "Big SNOW America," a 12-story indoor ski and snowboard park in East Rutherford.
Featuring lessons, ski chalets, and an "après ski lounge," the resort promises to offer a "guest experience like no other."
The project total cost is estimated to come in at roughly $3.18 billion
The 180,000 square-foot facility will be surrounded by a number of alpine retail stores selling ski and snowboarding equipment and accessories dubbed "The Shops @ Big SNOW."
Snow tubing, indoor snow play and an event space will also be offered.
Snow Operating also works with Mountain Creek in Vernon as well as a few Pennsylvania resorts, such as Camelback, Hidden Valley and Blue Mountain.
"Big SNOW America together with our indoor DreamWorks waterpark, theme park and other first class attractions is what will make American Dream a true destination for locals and tourists alike," said Don Ghermezian, the president of Triple Five.
The American Dream has already recruited a number of businesses and entertainment options to fill its directory. Over the last year, businesses such as Lego Land, an aquarium, a '4D' dine-in movie theater and a series of restaurants and retailers have announced they will join the project.
The complex has experienced some recent delays over a bond offering, however the developer still expects the $3-billion mega-mall to open in 2017.