Xanadu

[legalskier]

Delayed opening for $2B Meadowlands Xanadu project sparks criticism
by Brian Donohue/ The Star-Ledger
Thursday April 02, 2009, 9:11 AM
Mitsu Yasukawa/The Star-LedgerExterior view of Xanadu color scheme at Meadowlands in East Rutherford during construction in March 2008.
Once touted as a key economic engine for North Jersey, the Meadowlands Xanadu project is on the rocks with retail tenants balking, a delayed opening, and a key lender defaulting. As a result, Meadowlands Xanadu officials had to announce that much of the construction had to be suspended.
Now, Senate President Richard Codey (D-Essex) has jokingly made a proposal: scrap the whole thing - indoor ski slope and all - and turn it into a piece of modern art.

Ledger Live: Meadowlands Xanadu - A boon or boondoggle?


George Zoffinger, former chief executive of the New Jersey Sports and Exposition and a driving force behind Xanadu, counters that with unemployment on the rise, New Jersey needs Xanadu more than ever.
When the economy recovers, the complex will open, Zoffinger says. And once it does, New Jersey will have a true gem on its hands.
The 2.3-million-square-foot complex has a projected cost of $2 billion. Xanadu is touted as a mega entertainment experience complete with an indoor ski slope, skydiving wind tunnels, the country's tallest Ferris wheel and hundreds of retail shops.


http://www.nj.com/sports/njsports/index.ssf/2009/04/jersey_shore_guy_takes_top_hon.html

 

[andyzee]

 

[gmcunni]

listening to Michael Kay show on ESPN 1050, they just made a passing comment that Xanadu was a mess and they'd heard rumors it could be torn down.

 

[4aprice]

The incompetence in New Jersey is reaching new levels. I really don't know how long I can remain here. You want to see incompetence go read (Star Ledger or Daily Record on line) what has happened to Lake Hopatcong our largest lake, but don't just read the headlines and news stories, read the blogs which tell the whole story.

Alex

Lake Hopatcong, NJ

 

[RootDKJ]

The incompetence in New Jersey is reaching new levels. I really don't know how long I can remain here. You want to see incompetence go read (Star Ledger or Daily Record on line) what has happened to Lake Hopatcong our largest lake, but don't just read the headlines and news stories, read the blogs which tell the whole story.

Alex

Lake Hopatcong, NJ

I had a friend who lived there. Gotta link?

 

[4aprice]

Root

Go to Google. The Daily Record and Star Ledger both have articles today about what the state is doing. But like I said make sure you read the blogs after the articles to get the whole story.

Alex

Lake Hopatcong, NJ

 

[RootDKJ]

Typical Jersey BS. That sucks right before Memorial Day.

 

[GrilledSteezeSandwich]

I wanted to ski Xanadu a few years ago when it was supposed to open but now I have lost interest..

 

[Bostonian]

I wanted to ski Xanadu a few years ago when it was supposed to open but now I have lost interest..

I'd still ski it in july or august, just to say I skied in July or August...

 

[2knees]

i'd hit that. twice.

 

[GrilledSteezeSandwich]

i'd hit that. twice.

But would you cuddle afterwards?

 

[legalskier]

Xanadu allegedly "at grave risk of failure," gets pushed back...except for the landscaping:

http://www.nj.com/news/ledger/jersey/index.ssf?/base/news-13/1242879320299670.xml&coll=1



:dunce:

 

[BeanoNYC]

http://www.nytimes.com/2009/05/20/r...I-NYT-MOD-MOD-M099-ROS-0609-PH&WT.mc_ev=click

 

[RENO]

 

[legalskier]

"Xanadu developers lose legal bid for financing stalled $2B retail complex
By Ted H. Sherman
September 21, 2009, 4:53AM

EAST RUTHERFORD -- The developers of Xanadu, the long-stalled $2 billion retail, sports and entertainment complex alongside the New Jersey Turnpike, have lost a legal battle against a key lender that backed out of the massive project earlier this year.
In a ruling handed down a week ago by a New York judge, a lawsuit against Xanadu Mezz Holdings — an affiliate of Lehman Brothers — was dismissed. *** "

Here’s the link: http://www.nj.com/news/index.ssf/2009/09/_the_developers_of_xanadu.html


At least they're consistent.

 

[legalskier]

"Xanadu may get different name if $500M funding deal is set, report says"
http://www.nj.com/news/index.ssf/2010/02/xanadu_may_get_different_name.html

How about Xanadump? Xanadon't? Maersk/Sealand Hotel and Casino?


"Cabela's executive says Xanadu opening 'highly unlikely,' report says:"
http://www.nj.com/news/index.ssf/2010/01/cabelas_executive_says_xanadu.html

 

[Bostonian]

http://www.skirebel.com/magazine/archives/6841

"In a possibly hopeful sign for the long delayed Xanadu complex in New Jersey, the state’s new governor has said Xanadu will be able to open its shops on Sundays."

 

[RootDKJ]

Cool, maybe some August skiing!

 

[dmc]

http://www.skirebel.com/magazine/archives/6841

"In a possibly hopeful sign for the long delayed Xanadu complex in New Jersey, the state’s new governor has said Xanadu will be able to open its shops on Sundays."

I hated that crap when I lived in Bergen County NJ...

 

[JerseyJoey]

http://www.skirebel.com/magazine/archives/6841

"In a possibly hopeful sign for the long delayed Xanadu complex in New Jersey, the state’s new governor has said Xanadu will be able to open its shops on Sundays."

Good thing, because they're closed Mondays through Saturdays.