*New Jersey has been looking at a mammoth of a mall coming there for some time. The mall, Xanadu, if completed would be the biggest mall in America.
The promise of an era of prosperity with the world’s super mall it seems has fallen through. It seems that the major investor, Lehman Brothers, pulled out and their $500 million went with it. Unfortunately, Lehman Brothers went belly up in 2008.
Since that has happened a new investor with new money is needed. But, that’s another hurdle that the project must jump as the property and what it has to offer gets older and older. The idea of the largest ferris wheel, bowling alleys (more…)