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Topic

American Dream

Triple Five megamall suffered $245 million in operating losses in 2022, filing shows

by Sep 20, 2023
The New Jersey megamall owned by Triple Five, which is in contract through another affiliate company to purchase more than 1,600 acres of industrial land in Calverton from Riverhead Town, had $245 million in operating losses last year, security filings released this week shows.

Triple Five at risk of bond default on NJ mega-mall, where it lost more than $59 million in 2021, securities filings...

by Jun 6, 2022
Triple Five, the company in a $40 million land deal with the Town of Riverhead, is at risk of default on its $800 million bonds for its American Dream mega mall in New Jersey, according to a public securities filing made Friday by the bond issuer’s trustee. The company reported losing $59.4 million last year in a separate filing last month.

Triple Five lost more than $64 million at its American Dream mega-mall in NJ last year

by May 10, 2021
Triple Five Group, the company in a $40 million land deal with the Town of Riverhead to buy nearly all of the town's remaining vacant land at the former Grumman site in Calverton, detailed losses at its American Dream retail and entertainment complex in New Jersey in financial statements made public Thursday.

COVID-19 should not diminish our democracy but should terminate the EPCAL deal

by Apr 14, 2020
We need an open and live discussion by board members with town residents about the EPCAL deal, including of potential termination next month. Any inclination by some board members to move ahead behind windows shaded by our health crisis must be resisted.
RiverheadLOCAL