[CalibratedZeus]

Another step closer. Personally not a fan of the project but as long as thy get rid of that eyesore of a facade from Xanadu, at least it will be an improvement.

The(American)Dream advances
Jul 28th, 2012 @ 09:59 am › John Brennan
http://blog.northjersey.com/meadowla...ream-advances/

The New Jersey Department of Environmental Protection has just given out its water quality permits to Triple Five for the planned indoor water and amusement parks at the American Dream Meadowlands site formerly known as Xanadu.

Now, just a few other hurdles remain – in some cases, potentially enormous hurdles – before this entertainment and retail project with a Dreamworks Animation theme (think Shrek + Madagascar) opens sometime in 2014:

- Federal environmental permits also are needed. This always was seen as more complicated than the state version, but insiders seem less worried than earlier in the year. The public comments period to the U.S. Army Corps of Engineers ended Friday, and it’s not clear what would stop this permit from going ahead now.

- Triple Five needs to close its deal on a $2 billion financing package. The appropriate mega-lenders have been wooed, but it’s been nearly a year and still nothing has been announced. Some familiar with this project find that odd, and a bit worrisome for supporters. But no one seems to think it’s dead in the water.

- The Giants and Jets have sued to prevent the indoor water and amusement parks from being open on game days. Still no settlement, with a court date looming soon. Whatever the merits of Triple Five’s argument, they might have made it easier on themselves if they had shown the teams more deference six months ago. It sure wouldn’t have hurt.