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With $700M Loan, Triple Five to Resuscitate American Dream Project

EAST RUTHERFORD, NJ-A stalled retail and entertainment project, known as Meadowlands Xanadu, is getting new life with financing from Deutsche Bank.

By Antoinette Martin | Updated on June 05, 2012

EAST RUTHERFORD, NJ -The hulking, half-finished Meadowlands Xanadu project, where work stopped in 2009, has reportedly received a promised $700 million loan infusion that will permit Triple Five Group to move toward finishing the mega-mall and entertainment complex. Deutsche Bank AG has agreed to provide the loan, the Wall Street Journal reported.

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