XANADU RECHRISTENED AS AMERICAN DREAM MEADOWLANDS

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EAST RUTHERFORD, N.J. — The lenders controlling the troubled Xanadu project have reached an agreement with Triple Five Group to restart construction of the Meadowlands retail complex. Renamed American Dream Meadowlands, the project will feature an enclosed amusement park, an indoor water park, an ice rink, a cinema, an aquarium, a comedy club and a performing arts theater in addition to millions of square feet of retail space. The project's much-maligned exterior façade will also be changed. The complex will open in late 2013. Triple Five is also the owner of the Mall of America in Minnesota and the West Edmonton Mall in Alberta, Canada.

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