NJ Spotlight News
American Dream sued by East Rutherford over missed payments
Clip: 3/7/2023 | 1m 23sVideo has Closed Captions
Lawsuit says the megamall is overdue on $7.5M in PILOT payments
The borough of East Rutherford is suing the developer of the American Dream mall and the New Jersey Sports and Exposition Authority, claiming the town is owed millions from PILOTs, or payments in lieu of taxes. The lawsuit alleges American Dream is overdue on about $7.5 million for PILOTs. The suit says American Dream is also behind on roughly $200,000 in sewer payments.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
American Dream sued by East Rutherford over missed payments
Clip: 3/7/2023 | 1m 23sVideo has Closed Captions
The borough of East Rutherford is suing the developer of the American Dream mall and the New Jersey Sports and Exposition Authority, claiming the town is owed millions from PILOTs, or payments in lieu of taxes. The lawsuit alleges American Dream is overdue on about $7.5 million for PILOTs. The suit says American Dream is also behind on roughly $200,000 in sewer payments.
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Learn Moreabout PBS online sponsorshipwell the hits just keep coming for the American dream Mall the borough of East Rutherford is suing the developer and the New Jersey Sports and Exposition Authority claiming the town is owed Millions from Pilots or payments in lieu of taxes according to the lawsuit American dream is overdue on about seven and a half million dollars for Pilots giving it the right to develop hotels offices and a baseball stadium within the Meadowlands complex the suit says American dream is also behind on roughly two hundred thousand dollars in sewer payments to East Rutherford now according to an attorney for the town the mall owner was making good on its main pilot agreement until about a month ago when it failed to make a 125 thousand dollar installment there has been contention between the borough and Mega Mall owner since it opened over exactly when the pilots were due a spokesperson for American Dream tells NJ Spotlight news the developer plans to quote vigorously defend their position support for the business report provided by New Jersey American Water we keep life flowing online at new jerseyan.com
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