OT: $390 million for American dream/Xanadu
- Thread starter CornerTavern
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Actually,it was 1980.DJ Spanky's favorite website when he isn't on this one--http://xanadumovie.com/history.html
the article mentions the costs are expected to reach around $3.12 billion.
This may be the 2nd most expensive building behind 1 WTC.
http://www.huffingtonpost.com/2012/...xpensive-building-in-the-world_n_1243917.html
This may be the 2nd most expensive building behind 1 WTC.
http://www.huffingtonpost.com/2012/...xpensive-building-in-the-world_n_1243917.html
Want something to ever open there and actually generate tax revenue for the state? CASINO!
If this were China, George Zoffinger would be unceremoniously shot in the back of the head.
Come to think of it...
This is New Jersey.
Why hasn't George Zoffinger been unceremoniously shot in the back of the head?
Come to think of it...
This is New Jersey.
Why hasn't George Zoffinger been unceremoniously shot in the back of the head?
Because the public funds haven't stopped flowing to the developers. Once the river of money dries up, its button-pushing time.
The mismanagement of the Xanadon't project, with all the corruption that must surely have taken place, would make a great expose. I'm sure the Star Ledger could feature a brilliant series if only they could spare a reporter or two from the team assigned to muckrake our state university. ;)
Those reporter are more concerned about Chris Christie's flatuents. SL/nj.com is a joke but that's another topic
I like the true story of the sheet rock union going in to sheet rock 1.2 million square feet of interior before the electric and plumbing was done. Guess what happened? Rip it all out and start over. It was the modern day version of the Esplanade.
NJ politicians swallow Xanadu/American Dream Meadowlands (elephants) whole, but choke on Rutgers (gnats). I still hear all of the complaints about $100 million to expand the stadium, but not a whisper about $3 billion and growing problem at the Meadowlands.
Xanadu is ugly. State response: "let's throw more money to change the look."
The original developer left, State response: "let's throw more money at it and find a new taker."
Change the name to American Dream Meadowlands and continue to attempt to open it in year 15 and counting. State response: "let's give more tax ($390 million) breaks and let the taxpayers foot the bill down the road."
Rutgers wants to expand the football stadium. State response: "not over my dead body will the state school do such a thing on our dime. Ok, ok, ok, we'll give you a tax break of $25 million to improve your other facilities and that's it. We are still mad you fought us when we tried to take the Camden campus.
Xanadu is ugly. State response: "let's throw more money to change the look."
The original developer left, State response: "let's throw more money at it and find a new taker."
Change the name to American Dream Meadowlands and continue to attempt to open it in year 15 and counting. State response: "let's give more tax ($390 million) breaks and let the taxpayers foot the bill down the road."
Rutgers wants to expand the football stadium. State response: "not over my dead body will the state school do such a thing on our dime. Ok, ok, ok, we'll give you a tax break of $25 million to improve your other facilities and that's it. We are still mad you fought us when we tried to take the Camden campus.
Exactly. About 3 billion by my count and nary a peep out of anybody. But the Rutgers Athletic budget? You would think the topic is Pulitzer prize territory the way the media hacks away at it.
Rutgers spends $100M on its own stadium on its own dime and the papers crucified them and between xanadu and giants stadium we probably have a billion dollars in givaawaya that have or will cost taxpayers real money... And even if "successful" will take away business from enterprises actually paying taxes today... Sad
That's what people have either conveniently forgotten or ignored. If that place ever opens, it will siphon traffic from a lot of existing retail facilities around it.
Have any of you seen it in person?
I have and my reaction was shock and horror. It is eyesore and massive money pit.
Also less and less people go to the mall, more people shop on-line more and more.
I have and my reaction was shock and horror. It is eyesore and massive money pit.
Also less and less people go to the mall, more people shop on-line more and more.
Casino and convention center. With retail in line with those functions.... Thats what that warehouse should be... Why they tyring to make it a mall is beyond me.
When it goes broke, don't worry, the indoor ski area can be used as a Giant Indoor Meat Storage warehouse.
NJ taxpayers couldn't have been more raped on this project, and nobody seems to be saying anything about it.
NJ taxpayers couldn't have been more raped on this project, and nobody seems to be saying anything about it.
8 YEARS+ LATE (and counting) and about 2 BILLION DOLLARS OVER BUDGET...but Zoffinger had a problem with our $100 million bonded stadium expansion, which was conceived, drafted, started, completed, has already been in use for 6+ years AND was instrumental in securing the future of the athletic program and more funding for Rutgers, all while his money pit of a pet project isn't even close to opening. It's hard to write a better blend of comedy, tragedy and drama than that.
Joe P.
Joe P.
Walking into the NYNJ super Bowl, I heard more questions asking what that ugly structure is than I could count.
It is a NJ eyesore.
It is a NJ eyesore.
when does Zoff's son chime in here with his favorite refrain that it will be profitable for the investors?
Whoever designed that monstrosity should be lobotomized. The color scheme is horrid. Maybe Hoffa is buried there.
This project was dead until Christie decided to keep it alive like Revel. He's the stupidest governor. He kills the tunnel project for Xanadu.
NO ONE living in NJ wants this project to finish except the union workers gettin paid to work on it. There are enough malls , more concentrated than anywhere else in the country. The traffic on Rt3 is a daily NIGHTMARE already for commuters. I cannot believe that someone is spending even more money to push this through !! KILL THIS PROJECT! Stop the bleeding and tear the damn thing down. Make it a laser tag warehouse for all I care.
Christie is talking about this. Didn't you hear him in the debate on how he fixed NJ? He balanced the budget!
Who needs pensions and train tunnels and reasonable tuition when you can have Xanadu?
As Christie told the moderators, you should have seen NJ before Christie got here. Pensions were paid, tunnels were planned, towns were not placed on lockdowns as political retribution...who needed any of that?!
Who needs pensions and train tunnels and reasonable tuition when you can have Xanadu?
As Christie told the moderators, you should have seen NJ before Christie got here. Pensions were paid, tunnels were planned, towns were not placed on lockdowns as political retribution...who needed any of that?!
No, he killed the tunnel project because NJ would have been on the hook for any overages, as the federal government refused to cover them. And given how projects in NJ go horrendously over budget, he did us all a favor.
