Can A Failed Mega-Mall Un-Fail?
"Gov. Chris Christie has reached a deal with a private developer (the third, after the first two developers failed) to pour $1 billion into the project to revive and expand it.
The state would provide $180 million to $200 million in low-interest financing to the developer, which operates the Mall of America, and forgo a similar amount in future sales-tax revenue. Critics are questioning why Mr. Christie, who crusaded against government giveaways, would risk so much money to bail out out the troubled development."
Of the five panelists submitting responses, none say the project should be saved.