Mall of America owner to acquire unfinished Xanadu project at the Meadowlands: "Triple Five, owner of Mall of America, signed a letter of intent to acquire the unfinished project from a group of lenders that currently own the debt. No terms were announced.
Xanadu, a planned $2 billion retail, sports and entertainment center located alongside the New Jersey Turnpike in East Rutherford, was to bring in new revenue and business to the Meadowlands, with shops, restaurants, an indoor ski slope and the largest Ferris wheel in the country. But the much-ballyhooed effort has been in limbo for well over a year. "