News > New Jersey to Fund the American Dream, Indoor Ski Complex

New Jersey to Fund the American Dream, Indoor Ski Complex Hot

indoor-skiingNew Yorkers and New Jerseyans not longer need to fret about the long drives associated with a winter getaway as government funding will be provided to create North America’s first indoor skiing facility.

The Xanadu Meadowlands project was previously halted due to a lack of funding, but the State of New Jersey is announcing $200 million in tax breaks for Triple-Five, the company producing the $2 billion project.

After numerous stops and starts, it seems the project now has the footing and funding it needs to move forward, but will now be dubbed the “American Dreams Meadowland”.

The original project should have been completed two years ago, but the economic downturn forced several groups to back out of the project. Construction has stopped for two years now on top of it.

In addition to a 700-foot, year-round indoor ski slope, the project will bring shopping, restaurants and other entertainment options to the Meadowlands Sports Complex in East Rutherford, New Jersey, just a short drive from New York City.

Joining the indoor mountain at thee complex are a skydiving simulator, indoor ice rink, performing arts theater, amusement and water park, 26-screen movie theater, Legoland and a ferris wheel.

At 4.5 million square feet, the complex will be the largest retail and entertainment complex in America and third largest worldwide.

The project also includes three million square feet for retail and 150,000 square feet for restaurants and dining.

Canadian based Triple-Five is also the owner of the largest indoor mall in North America, The Mall of America in Minneapolis and the West Edmonton Mall in Alberta, which is even larger than it’s counterpart in Minnesota.

The first phase of this project is scheduled to open in 2013 with the second phased slated for the Spring of 2014.

For its part in offering tax incentives, New Jersey Governor Chris Christie wants the State of New Jersey to have some ownership in the overall project.

-Ryan O'Leary

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