Jets and Giants reach deal with developer on Meadowlands megamal - FOX 35 News Orlando

Jets and Giants reach deal with developer on Meadowlands megamall

Posted: Updated:

NEWARK, N.J. (AP) -- New Jersey's two pro football teams and a developer have settled dueling lawsuits, clearing the way for a long-delayed megamall project at the Meadowlands sports complex.

The New York Giants, New York Jets and developer Triple Five Inc. released a statement Wednesday that confirmed the settlement, but neither side provided specific details.

Originally known as Xanadu and scheduled to open in 2007, the project languished during the economic downturn before Triple Five, whose properties include the Mall of America in Minnesota, took over at the end of 2010.

The immense, pastel-hued structure, once called "the ugliest damn building in New Jersey" by Gov. Chris Christie, has sat unfinished between MetLife Stadium and the New Jersey Turnpike for several years. During last month's Super Bowl it was used as a command center for security operations.

Triple Five's new vision, dubbed American Dream, is planned to include a waterpark and Hollywood-themed amusement park in addition to dining and retail.

The Jets and Giants sued the developer in 2012, claiming Triple Five didn't get their permission -- as required under an earlier agreement -- to expand the footprint for the mall from its original design. They sought to have the mall closed on game days to avoid traffic backups.

Triple Five countersued, accusing the teams of engaging in an illegal campaign to stop the project from being completed.

While details of the settlement remain confidential, a statement from Christie's office appeared to demonstrate that the sides had reached a compromise on a traffic and parking plan.

The settlement provides for a cooperative effort by Triple Five, the teams and various state agencies to implement "a variety of mass transit and traffic improvements that will complement a detailed traffic and parking management plan designed to enhance the experience of all visitors ... particularly on NFL game days," the statement read.

Triple Five spokesman Alan Marcus said construction has been underway at the site since November and that it would pick up once the weather improved. The exterior has been completed but the interior is unfinished.

The developer hasn't said when the project is expected to be completed, though a year ago it was estimated it would take about 24 months once construction restarted.

At least there is hope for those who, like Christie, have expressed displeasure with the exterior: A computer rendering on Triple Five's website shows the outside of the building without the rectangular pastel panels.

  • New Jersey NewsNew Jersey NewsMore>>

  • Port Authority to plan for new bus terminal

    Port Authority to plan for new bus terminal

    Wednesday, July 23 2014 3:02 PM EDT2014-07-23 19:02:29 GMT
    The Port Authority of New York and New Jersey is discussing a new main bus terminal. The 64-year-old Port Authority Bus Terminal in Manhattan has come under criticism from New Jersey lawmakers who say their constituents have to deal with long delays, substandard conditions and a lack of communication.
    The Port Authority of New York and New Jersey is discussing a new main bus terminal. The 64-year-old Port Authority Bus Terminal in Manhattan has come under criticism from New Jersey lawmakers who say their constituents have to deal with long delays, substandard conditions and a lack of communication.
  • Man stabbed ex 84 times, put pig mask on her

    Jury: Man stabbed ex 84 times, put pig mask on her

    Wednesday, July 23 2014 2:10 PM EDT2014-07-23 18:10:40 GMT
    Jurors have found a New Jersey man who stabbed his ex-wife 84 times and covered her face with a Halloween pig mask guilty of murder.
    A New Jersey man has been convicted of fatally stabbing his ex-wife 84 times and covering her face with a pig mask.
  • Fortune 500 firm Sealed Air moving HQ to Charlotte

    Fortune 500 firm Sealed Air moving HQ to Charlotte

    Wednesday, July 23 2014 12:01 PM EDT2014-07-23 16:01:51 GMT
    North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from...
    North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from several...
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices