Xanadu

[legalskier]

Update: Former Xanadu project to get bigger under new developer
Governor Christie formally announced Tuesday morning that a new developer will would take over the former Xanadu shopping and entertainment project, giving it a new name, a new exterior and 600,000 square feet more space. Triple Five Group, the project’s new developer, plans to build an addition to the southeastern corner of the long-dormant project, a spokeswoman said. That would put development’s size at 2.9 million square feet....Triple Five intends to open the first phase of the project in “late 2013,” Bausch said. ***
Story:http://www.northjersey.com/news/bus..._to_unveil_sports_complex_revitalization.html

 

[marcski]

So, now the big fat man in Trenton wants to spend hundreds of millions of state funds on a Mall. Just what NJ needs...another Mega Mall. Yet, he claimed the state didn't have the funds for another tunnel link to NYC. Doesn't common sense dictate that a commercial-industrial-transportation link to NYC, clearly, NJ's biggest asset in terms of generating income is its proximity to NYC, would do more for the long-term financial health of New Jersey than investing state funds into a private shopping mall? WTF?

He should just go take another helicopter trip right out of the state this time.

 

[andyzee]

So, now the big fat man in Trenton wants to spend hundreds of millions of state funds on a Mall. Just what NJ needs...another Mega Mall. Yet, he claimed the state didn't have the funds for another tunnel link to NYC. Doesn't common sense dictate that a commercial-industrial-transportation link to NYC, clearly, NJ's biggest asset in terms of generating income is its proximity to NYC, would do more for the long-term financial health of New Jersey than investing state funds into a private shopping mall? WTF?

He should just go take another helicopter trip right out of the state this time.

OK, as I stated in two other forums:

I've said it before and I'll say it again, NOT GOING TO HAPPEN! And on the very slight chance it does open, not going to last longer than one year.

I don't know about that, I guess time will tell. Madrid Xanadu has been open since 2003 and so far still going. I don't know how enjoyable it is to ski the size of about 1/3 of Snowshed but I'll take that in July 100 degree weather. I think they have pretty cool rails and jumps if you are into that: http://madridsnowzone.com/ sorry no English web page. I plan to ski there in 2 weeks while in Spain. I'll give a report then.

You have to consider it for more than just an indoor ski resort, on those merits alone I do not believe it will make it. Looking at it at a bigger scale, it's a shopping mall plus all kind of games. Now in prime times for shopping and other activities you will most likely have stuff like Giants games, Jets games, stuff at the arena, etc.... causing huge traffic jams. Do you want to go shopping at some place where you may have 75000 fans going to a giants game or a concert, etc.. Doubt when fans or concert goers get out of their event they're going to want to go shopping or skiing. Now, let's forget the mall aspect of it. Let's look at it on skiing alone, as you state 1/3 the size of Snowshed, nice for one or two trips, but that novelty will wear off real quick. Supposed to have opened in 2007, still not open, now I believe they're saying 2013. Damn, by then it'll be time to tear it down and start all over again. One big mess, I say just scrap it instead of throwing more money at it.

 

[Nick]

Are malls even still popular? I feel like most of the ones I go to are kind of falling apart and dying out. Of course that was also the prediction 5 years ago.

 

[marcski]

Are malls even still popular? I feel like most of the ones I go to are kind of falling apart and dying out. Of course that was also the prediction 5 years ago.

Precisely. So, why is this purported fiscally conservative governor, who already refused to spend state funds to build a significant infrastructure project that could benefit future generations of New Jersians, spending state funds on completing another mega mall in this already reduced retail environment...and if the current trends continue...will only be further reduced with the continuing growth of online sales?

Query?

 

[HowieT2]

Precisely. So, why is this purported fiscally conservative governor, who already refused to spend state funds to build a significant infrastructure project that could benefit future generations of New Jersians, spending state funds on completing another mega mall in this already reduced retail environment...and if the current trends continue...will only be further reduced with the continuing growth of online sales?

Query?

you know the answer. "fiscal conservatism" is just his excuse to stick it to the poor and middle class while further enriching the powers that be.

 

[threecy]

Precisely. So, why is this purported fiscally conservative governor, who already refused to spend state funds to build a significant infrastructure project that could benefit future generations of New Jersians, spending state funds on completing another mega mall

Perhaps you can provide some proof that he's planning to spend state funds on Xanadu? All I've seen published is providing state tax breaks to the new developers.

 

[marcski]

Perhaps you can provide some proof that he's planning to spend state funds on Xanadu? All I've seen published is providing state tax breaks to the new developers.

The information is out there it might just not be readily available to the general public.

 

[marcski]

Perhaps you can provide some proof that he's planning to spend state funds on Xanadu? All I've seen published is providing state tax breaks to the new developers.

Seriously.....so let's assume they are just tax breaks. Why give away potential state income to a private developer? This whole let's give private big business a tax break so they will make more jobs and the money will trickle down doesn't work. In the past 30 years...the income gap has just increased. The wealthy get wealthier...and the poor get poorer.

 

[bobbutts]

I went to Jersey Gardens mall recently to pass time waiting for a late flight at EWR airport.. It was quite busy.. I think NJ still has an appetite for malls.

 

[andyzee]

I went to Jersey Gardens mall recently to pass time waiting for a late flight at EWR airport.. It was quite busy.. I think NJ still has an appetite for malls.

Next time, stop in Paramus

 

[threecy]

Seriously.....so let's assume they are just tax breaks. Why give away potential state income to a private developer?

Correct me if I'm wrong, but if the incomplete parts of the complex remain closed and in control of the state, no taxes are generated...so, if taxes are actually generated at a lower level (after the tax breaks), the state still makes more money than the alternative.

This whole let's give private big business a tax break so they will make more jobs and the money will trickle down doesn't work. In the past 30 years...the income gap has just increased. The wealthy get wealthier...and the poor get poorer.

That's ridiculous. The "wealthy" have to pay taxes on business earnings once they're recognized on the individual level. Business taxes hamper business.

I don't care about the wealthy getting wealthier, so long as it's done legally. A wealthy person getting weathier has no effect on my life - a wealthy person earning another dollar does not mean that there's one less dollar for me.

And I don't buy the notion that the 'poor get poorer' - firstly, poor is a state of mind. Secondly, 30 years ago, how many poor people had iPhones, HD TV, SUVs, etc.?

 

[MadPadraic]

That's ridiculous. The "wealthy" have to pay taxes on business earnings once they're recognized on the individual level. Business taxes hamper business.

And I don't buy the notion that the 'poor get poorer' - firstly, poor is a state of mind. Secondly, 30 years ago, how many poor people had iPhones, HD TV, SUVs, etc.?

His point wasn't that business tax breaks aren't good for business, it was that they don't create jobs. They aren't always the same thing. In this case, I hope they are, because I'd love to go see Thiery Henry play at Red Bull Arena and then head to Xanadu for some turns.

As an off topic aside, why do people still make a big deal out of HD TVs? Is it even possible to buy a non-HD tv anymore? I thought mine was the last non-HD unit left in the state.:-o

 

[threecy]

His point wasn't that business tax breaks aren't good for business, it was that they don't create jobs.

Zero jobs for the incomplete part of the project today vs. ...
Businesses do create more jobs when given the financial opportunity and stability. And, when given a harsher environment, they will cut jobs and wages.

As an off topic aside, why do people still make a big deal out of HD TVs? Is it even possible to buy a non-HD tv anymore? I thought mine was the last non-HD unit left in the state.:-o

I bought my el cheapo mono-sound tube TV at Wally World

 

[MadPadraic]

I bought my el cheapo mono-sound tube TV at Wally World

Mine was given to me so I could watch the 2006 Olympics. It was at least 10 years old then.

 

[bobbutts]

Anyone who wants a free non-hd tube tv, just keep an eye on the free listings on craigslist, you should be able to find one.

 

[marcski]

I just dumped 2....
Lol

 

[Nick]

Update: Former Xanadu project to get bigger under new developer
Governor Christie formally announced Tuesday morning that a new developer will would take over the former Xanadu shopping and entertainment project, giving it a new name, a new exterior and 600,000 square feet more space. Triple Five Group, the project’s new developer, plans to build an addition to the southeastern corner of the long-dormant project, a spokeswoman said. That would put development’s size at 2.9 million square feet....Triple Five intends to open the first phase of the project in “late 2013,” Bausch said. ***
Story:http://www.northjersey.com/news/bus..._to_unveil_sports_complex_revitalization.html

This second picture reminds me of Circus Circus in Vegas

 

[Nick]

As an off topic aside, why do people still make a big deal out of HD TVs? Is it even possible to buy a non-HD tv anymore? I thought mine was the last non-HD unit left in the state.:-o

Some good friends of mine have one TV in their entire house, it's a 24" tube TV hooked with rabbit ears. I feel like they are in the stone age when I visit but who am I to judge haha.

 

[marcski]

Like I said, Malls are a dying breed:

http://financiallyfit.yahoo.com/fin...-shopping-malls-wont-tell-you?ywaad=ad0035&nc