Mega Mall Builder Gives $90,000 to New Jersey, National GOP
- American Dream project won state approval on bond issue
- Triple Five took over stalled retail project in 2011
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Members of the billionaire Ghermezian family, who are developing the American Dream mega-mall project in New Jersey’s Meadowlands, and their employees contributed $40,000 to the New Jersey State Republican Committee in May and $50,000 to the Republican National Committee in June, according to campaign-finance records.
The family runs Edmonton, Alberta-based Triple Five Worldwide, which won state approval Thursday for $1.2 billion of tax-exempt bonds to finish the 2.9 million square-foot shopping and entertainment destination about 10 miles (16 kilometers) west of Manhattan in Bergen County. Triple Five needed the municipal-bond financing in order to move forward with a $1.5 billion construction loan arranged by Deutsche Bank AG.