Triple Five’s American Dream misses $9M payment

The American Dream mall missed an $8.8 million payment on municipal bonds that was due Monday, according to a regulatory filing reported by Bloomberg. The interest payment was for bonds that were used to finance the East Rutherford development, spearheaded by Don Ghermezian’s Triple Five Group. The missed payment wasn’t an entirely unexpected twist in the American Dream saga. It was reported last month that the star-crossed mall was waiting on approval of a document