Tax Judge Slices $850M Off American Dream Mall’s Valuation, Reports Say
A New Jersey tax court judge has slashed the assessed value of the American Dream megamall in East Rutherford by $850 million, marking a nearly 50% drop this year alone, Bloomberg reports.
The ruling made last Thursday, July 31, brings the property's 2025 valuation to $1.65 billion, down from the $3.3 billion figure earlier this year. The initial $800 million cut came in March, followed by this latest reduction, according to CoStar.
The move represents a win for Triple Five Group, the mall's owner, which has long argued that the complex was overvalued, Bloomberg said. However, the dec…
Atlantic City's Island Waterpark Delays Grand Opening
ISLANS Waterpark in Atlantic City has delayed its grand opening.
It had been set to open on Friday, June 30.
Brian Moriarty, a spokesperson for the waterpark, didn’t specify when the new opening date will be. He also did not give a reason for the delay.
The park’s social media pages advertised the opening date of Friday as recently as Wednesday.
The $100 million, 120,000-square-foot water park will feature a dozen slides, pools, a 1,000-square-foot surf simulator and a 6,500-square-foot lazy river. It’s part of the Showboat Atlantic City Hotel, which Blatstein also owns.
Tickets are sti…
