Vanguard News Network
VNN Media
VNN Digital Library
VNN Reader Mail
VNN Broadcasts

Old March 10th, 2009 #1
Brian Foley
Member
 
Brian Foley's Avatar
 
Join Date: Dec 2008
Location: Top End Australia
Posts: 282
Default The Last Shopping Mall?

Quote:
The Last Shopping Mall? New Jersey Awaits Xanadu



Slated to open in August, Xanadu, a wannabe shopping paradise, will be a 2.4 million-sq.-ft. retail and entertainment complex located 3½ miles from the Empire State Building, across the Hudson River at the intersection of the New Jersey Turnpike and two heavily trafficked state roads through which 88 million vehicles pass each year.

Across the state, the project has taken a rightful beating for its exterior. The Meadowlands location isn't scenic — it's surrounded by weedy wetlands, decrepit factories, shipping containers and railroads — and Xanadu's developers spent $2 billion on what seems like the most hideous spot on the lot. "It's basically a lot of junk," says former New Jersey Governor Brendan Byrne, for whom the basketball area at the Meadowlands was once named (it's now the Izod Center). "I drive by with friends and we're embarrassed." (See pictures of the world's longest yard sale.)

You've got to give the developers some credit for their tenaciousness. But this massive project, the most expensive shopping mall ever built in the U.S., has a more serious problem than its tacky exterior: the doors will open smack in the middle of the worst recession since the Great Depression.
I wonder when Americans will be invited to bail this one out?
 
Old March 22nd, 2009 #2
Thomas
Junior Member
 
Join Date: Mar 2009
Posts: 65
Default

Quote:
Originally Posted by Brian Foley View Post
I wonder when Americans will be invited to bail this one out?
Why not?

Harry Reid wants you and I to bail out Las Vegas casino's calling them "industries".
 
Reply

Share


Thread
Display Modes


All times are GMT -5. The time now is 04:02 AM.
Page generated in 0.09911 seconds.