good point.
I'll make sure i get a Groupon for the blow, and use hotel points in South beach
OT: American Dream
- Thread starter RUaMoose
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I'll make sure i get a Groupon for the blow, and use hotel points in South beach
Do you really think they made their mortgage payment on the American Dream? It's not reported because it's not public information. The Mall of America loan was securitized and servicers have to report everything.
If that be true then there should never be reason for all the borrowing and delays and overlays which occurred for years . Just make the malls into low income- affordable housing destinations .
The tide is turning against them? ...the economy of New Jersey is not a game from Milton Bradley... those people who had pride for New Jersey ( and there are a few left) loved the things we had grown to love. Great food choices , nice communities ,lower crime rates , safety for our children who spent HOURS outside playing , a outstanding educational system, less poverty and homelessness, far less drug abuse and a belief we could overcome any adversity. You DON’T have that now ... seems a large group is bent on the fall of our way of life ... love that socialism.
May be true but only some will benefit from a housing boom. Drug addiction , alcohol addiction, crime will eat into any gains the minority classes gain ... oh I ‘m sorry ... we want a classless feudal system because that always works.
Nobody is Mr No It All ... have followed this since day one...it was destined for failure long before it began..
Aren't you a guy who chastises people for moving out of NJ? Don't answer, you are.
Now you're all in on the big migration narrative, huh?
Oh, now I get it. You're just crazy and have no idea what you're talking about. No reason to expect any consistency from post to post.
tom knows far more than you do about it. You seem to think that it is something that over the last 25 years accounted for less than 1% of State and local board of education budgets combined
Read what I said please ...I believe this to be true....I have all I need here in New Jersey my children, grand children, my home , great restaurants and if I want to travel into the city for shows and sports other than Rutgers if it was available to us ... pre pandemic I was able to travel for years to multiple destinations and for that I am grateful. Some people have for the moment forgotten that this country of ours is still the best in the World ...if it wasn’t you would not have the clamor of immigrants wanting to come here... Are we a perfect society no ...show me a more perfect society... we have had our faults, disagreements and even civil war... and yet as long as I can afford the tax structure of New Jersey and my neighborhood remains variably stable and safe I’m in for the long haul... People from other states view NJ as ( New York) we are so much different.... they fly into Newark and what do they see? They drive up the NJ Pike and what do they see? There is much more to NJ... but still many and not Boomers will be leaving to raise their families and what is unfortunately happening... Here’s the thing... I live in town of many races , creeds and skin colors and even with all going on we still talk and listen to each other. Unhappy with the initial cause but realizing burning and destroying is NOT the way to correct injustice past and present.
Yes I’m crazy... crazy for attempting to converse with a moron... read what I said... If I chastised anyone it was because people with philosophical mindsets such as yours are unable to agree with anything unless it leans far left... last time I will answer your infantile postings... grow up and grow a set ...
You're pretty all over the place, my brotha from another era.
I was pointing out the fact that home prices are going up because more people are moving into NJ. Can't comment on all that other stuff you said.
It less that and more the need to be noticed. It’s a trait shorties all possess.
Yeah...um we have all of that and then some.
The irony of the socialism mention on a board for sports at a STATE university is precious.
If you don't like NJ...you can leave.
Wait aren’t you in the crowd who cried like a colicky child when Trump won...we’re going to leave ? these fools were always going to stay... so you want to let every illegal , miscreant scumbag into the country but I should leave. Nah... I’ve have too much love for my ancestors, their European roots and what they helped others build... plus after serving in the military, being educated here, marrying, raising children and being debt free ... no I’m here for the duration.
You guys can't help yourself but get into politics after the mods specifically asked you not to.
Would rather have an undocumented person as my neighbor like you, and not just because they're a maker.
What did you just wake up ? “ not because they’re a maker ?” ...you’ve been a JO waaaaay before this pandemic...a constant instigator searching for his niche in the world...believe me you would be honored to live next door to me...go back into your hole .
Let's be serious, this is NJ/Trenton, so this money would have been flushed down the toilet even if it wasn't blow on this retail nightmare.
Early this year I bought 5 tickets in advance to the aquarium they were going to open in American Dream. I think it was supposed to open in late March. Not sure I want to go in the near future even if they do get their act together.
I have often wondered about the financial involvement of the NJ Sports & Exposition group relative to the American Dream. Did they 'own' the land the complex is built on? Are they financially on the hook for any potential losses? They have depleted their revenue generators since they were established: Race track was originally thoroughbreds and trotters, now only trotters. Arena was home to Nets and Devils, no only occasional concerts. Giants stadium was sold(?) to the Giants who privately financed MetLife. If they wind up with a financial hit, how much of that will be given to us taxpayers?
I have often wondered about the financial involvement of the NJ Sports & Exposition group relative to the American Dream. Did they 'own' the land the complex is built on? Are they financially on the hook for any potential losses? They have depleted their revenue generators since they were established: Race track was originally thoroughbreds and trotters, now only trotters. Arena was home to Nets and Devils, no only occasional concerts. Giants stadium was sold(?) to the Giants who privately financed MetLife. If they wind up with a financial hit, how much of that will be given to us taxpayers?
I asked the same question earlier and I don’t think anyone knows on this board. The majority of the cost is absorbed by the developers and maybe the state might absorb some cost but I assume they considered the sunk cost already in the project. The current owner put up 49% of Mall of America and another Canada Mall as collateral for America Dream.
this never needed to happen.
the feudal lords and debt holders fked everything up.
all mortgages and rents, both residential and commercial so that includes mortgages on all rental property as well, and all loan pmts, could have been put on pause this whole time. (especially with near zero interest rates today).
but the feudal lords and loan holders have the most power over all govts, and don't feel they should share in the suffering in the slightest with those they lend to, so the best and most blatantly obvious solution never happened.
those at the top of the food chain put all the burden and suffering on those beneath them, and the govt just let them despite all the bailing out and subsidization and zero interest loans and buying up all their bad debt they have gotten from the govt.
beyond disgraceful plutocracy governance.
Would the real estate taxes have been put on hold?
Would the wages to the supers et. al. have been put on hold?
Would the gas and electricity bills have been put on hold?
A), up for discussion, and wouldn't recommend a one size for all answer.
that said, i think property taxes in general are a horrible taxing mechanism, but that's a different debate.
B), relatively negligible money
c) that's up for discussion, but regardless, is totally irrelevant to my post.
btw, have you not seen the numbers on mortgages and rents that have gone unpaid the last few months.
how well the economy bounces back once things open back up, will directly depend on how economically decimated the mortgage and rent and loan payers are at that point, both commercial and residential.
all those "closed for good" because of covid businesses, wouldn't be closed for good had mortgages, rents, and loans, been paused at zero accrued interest.
for mortgage holders, landlords, and lenders, those paying them are the golden goose.
and the govt's golden goose as well, including the property tax golden goose.
an economically decimated golden goose, is their long term worst case scenario.
long term, pausing would have been in everyone's best interest, the feudal lords and lenders, the home buyers, tenants, and borrowers.
again, how we bounce back will be directly dependent on the economic health of the consumer, who is the golden goose of our economy..
killing the golden goose is never a good plan.
American Dream developer cuts deal to avoid foreclosure on Mall of America
Triple Five is three months behind on its $1.9 billion mortgage.
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The numbers are staggering - from obviously the cost over the years to the admission to the parts that opened. The actual structure leaves you scratching your head. This project is a truly cursed money pit - just knock it down and put a giant gravestone as a warning of what NOT to do.
Good 18 minute mini-documentary on it.....
Abandoned: American Dream Mall
Good 18 minute mini-documentary on it.....
Abandoned: American Dream Mall
Just curious. What is wrong with the current structure? I agree it never should have been built but it's a very nice facility. Just cursed.
Since the project started so long ago some of it is outdated and there is rust and mildew throughout. There are also imperfections construction wise within the mall.
Interesting. Is that first hand knowledge? Just weird since it contradicts everything I have heard.
Well most of the main structure is 10-15 years old and was vacant, not properly maintained, and some sections left to the elements. So it seems likely to be true. The video covers this topic and is well researched via public sources and materials.
I saw that but to be fair they referenced the parking garage for the rust/mold/mildew (which would impact any project in this country built around the same time) and the one piece of railing. I could find that same issue with any other new construction. I get that people think it should never have been built (and I am one of them) but the video was just another lazy piece we see today. It’s here so I really hope it succeeds. Also, what’s wrong with having a water park in this area? As a skier I was hoping to use the slopes this spring/summer. Nothing even close like those around here.
Here’s their new protocol. My concern with that place is the locker area seemed crowded, even when the slope didn’t seem busy. Looks like they have a new procedure to designate locker room space. Hope that works.
www.bigsnowamericandream.com
Coronavirus Announcement - Big Snow American Dream
COVID-19 Health & Safety Protocols Effective Friday, May 28, masks will no longer be required for guests entering Big SNOW. If you are unvaccinated or under the age of 12, masks are still highly recommended. Masks may still be required for certain groups entering American Dream, please check...
www.bigsnowamericandream.com
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