Jets and Giants reach deal with developer on Meadowlands megamal - FOX 26 News | MyFoxHouston

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>>

  • Crash in Lincoln Tunnel causes major delays

    Crash in Lincoln Tunnel causes major delays

    Tuesday, September 2 2014 3:06 PM EDT2014-09-02 19:06:51 GMT
    One of the tubes of the Lincoln Tunnel was closed for nearly four hours after a chain-reaction accident involving a New York-bound jitney bus and two other vehicles. Port Authority of New York and New Jersey spokesman Steve Coleman says three people were reported injured in the accident in the center tube at about 8:30 a.m. Tuesday.
    One of the tubes of the Lincoln Tunnel was closed for nearly four hours after a chain-reaction accident involving a New York-bound jitney bus and two other vehicles. Port Authority of New York and New Jersey spokesman Steve Coleman says three people were reported injured in the accident in the center tube at about 8:30 a.m. Tuesday.

  • $1M Powerball ticket sold in NJ set to expire

    $1M Powerball ticket sold in NJ set to expire

    Tuesday, September 2 2014 2:23 PM EDT2014-09-02 18:23:45 GMT
    State lottery officials say a Powerball ticket worth $1 million that was sold at a northern New Jersey convenience store last year will soon expire.
    State lottery officials say a Powerball ticket worth $1 million that was sold at a northern New Jersey convenience store last year will soon expire.
  • Princeton worker told to choose medical pot or job

    Princeton worker told to choose medical pot or job

    Tuesday, September 2 2014 2:19 PM EDT2014-09-02 18:19:48 GMT
    A Princeton University employee says he has been told to choose between medical marijuana and his job.
    A Princeton University employee says he has been told to choose between medical marijuana and his job.
Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

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