American Dream project (formerly Xanadu) gets a boost as Giants and Jets settle with developer
Mar 12, 2014 | 1300 views | 0 0 comments | 23 23 recommendations | email to a friend | print
HUDSON -- The massive recreational center/shopping development on Route 3, once called Xanadu but now called "American Dream," has reached a settlement with the New York Jets and Giants. Both parties were suing each other over the once-stalled development, which will bring indoor skiing and lots of shopping and big restaurants to the Meadowlands.

According to NJ Biz, "The settlement could set the stage for the Edmonton, Canada-based developer to move forward with construction after nearly two years of litigation, one of many delays and problems during more than a decade of efforts to develop at the site by owners. The two National Football League teams filed lawsuits in 2012 and 2013 seeking to block a proposed expansion by Triple Five, arguing it would cripple game-day traffic around MetLife Stadium."

The settlement agreement has not been made public.

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