'Most Expensive Retail Project On Earth' Delayed -- Again

Triple Five, the developer of the American Dream Meadowlands, said that the project is on track for a summer closing that it was pushing back its March deadline to begin selling $1 billion in bonds to finance the 91-acre complex.

The James Cassella, the mayor of East Rutherford, said that no one from Triple Five has contacted him regarding the project.

"Nobody knows what's going on," Cassella told The Record, noting that the last in-depth conversation he had with Triple Five was before Christmas.

Related: 'Most Expensive Retail Project On Earth' Coming To Meadowlands In 2017

Cassella said in the report that the borough has "had enough of this already and we're tired of waiting."

“American Dream financing is progressing and we are now on-track for summer closing," said Debbie Patrie, a Triple Five spokeswoman.

The project is expected to cost $5 billion when completed, Don Ghermezian, a principal with Triple Five, told The New York Times.

East Rutherford approved $675 million in bonds for the project and a few weeks later the project was given about $400 million in tax breaks.

Several high-end retailers are joining the project. The campus will have North America's largest indoor amusement park, an indoor waterpark,a 4-D movie theater, and a 150,000-square-foot food hall. A casino may also be a part of the project.

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Pictured: The outside and an artist's rendering of the American Dream Meadowlands project/Patch file photos