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Thursday, jan 30
Tag:
Mall of America
News
Blue Law Blowout: American Dream's Sunday Operations Ignite Legal Firestorm In Bergen County
A fierce debate has erupted over Sunday retail operations at the American Dream Complex in East Rutherford, as Bergen County officials accuse the mall of violating the county’s long-standing Blue Laws. Meanwhile, American Dream’s leadership and supporters argue that Sunday sales are essential to the region’s economy and tourism goals. The Blue Laws, enacted in 1951, ban the sale of items like clothing, household furnishings, and office supplies on Sundays across Bergen County. However, American Dream’s stores have been open on Sundays for nearly a year, with one exception: retail closures du…
News
Giants GM Joe Schoen, Players, Announcer Escape Mall Of America Shooting: Reports
Giants General Manager Joe Schoen, some players and an announcer made it safely out of the Mall of America during a massive fight and shooting that killed a 19-year-old victim Friday, Dec. 23, the New York Post reports. The team was staying in a hotel adjacent to the Bloomington, MN mall when the fight broke out Friday evening, the team's vice president of communications Pat Hanlon tells the Associated Press. Players were not believed to have been in the area of the shooting near Nordstroms and everyone was accounted for and back at the hotel after the fact. Announcer Bob Papa sent out t…
News
Report: 100 American Dream Employees Laid Off
The American Dream Mall isn’t looking so dreamy after approximately 100 employees were laid off due to financial issues from the COVID-19 pandemic, reports say. In a letter sent to the megamall’s employees on June 1, officials cite the need for “organizational restructuring” following the pandemic as the cause of the layoffs, NorthJersey.com reports. "With the onset of COVID-19 in early March, life as we knew it changed dramatically and our new 'normal' is still undefined," the letter said. "This time has allowed us to look at our organizational structure, and what made sens…
Business
Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America
The developer of the American Dream Mall in East Rutherford has missed two monthly payments on its $1.4 billion mortgage for the Mall of America in Minnesota, media reports say. Triple Five put up 49 percent interest in the Minnesota mall along with a second mall in Canada as collateral to obtain a $1.67 billion loan for the construction of the American Dream, the Wall Street Journal reports. Mortgage services Wells Fargo & Co. reportedly confirmed the missed payments with NorthJersey.com Tuesday. Citing the ongoing turmoil following the death of George Floyd, the Minnesota mall has po…
Police & Fire
Burglars Steal More Than $140K In Handbags, Jewelry From American Dream CEO's Bronx Mansion
Someone broke into the Bronx mansion of the American Dream mall's billionaire CEO and swiped nearly $140,000 worth of jewelry and handbags, authorities said. ** UPDATE: A $2,500 reward was being offered by the NYPD for anyone who can help lead to the arrest of the thieves ** The thieves forced their way in through a second-floor balcony of the home of Don Ghermezian in the borough's exclusive Villanova Heights section shortly after 5 p.m. Saturday, the NYPD said. Nearly 30 handbags and jewelry were taken from the 46-year-old tycoon's home, police said. Ghermezian is the CE…
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