American Dream faces $25M tax fight with Meadowlands towns
The American Dream mall’s tax bill is piling up as Meadowlands municipalities claim the sprawling mall owes them roughly $25 million as its owners fight over when the complex became liable for local payments. A settlement between American Dream, East Rutherford and the New Jersey Sports and Exposition Authority could resolve about $15 million of that dispute as soon as next month, NorthJersey.com reported. The NJSEA, which owns the state land beneath the mall, is expected to vote on proposed settlement terms Sept. 24. The fight centers on an argument from American Dream’s owners: they contend payments aren’t due until […]
This article originally appeared on The Real Deal. Click here to read the full story.
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