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Subsidy Tracker Individual Entry

Company: Ameream LLC, Meadow Amusement LLC and Affiliates
Parent Company: Triple Five Worldwide
Subsidy Source: state
Location: New Jersey
City: East Rutherford
County: Bergen
Project Description: development of a mixed use project
Year: 2013
Major Industry of Parent: real estate
Specific Industry of Parent: real estate
Subsidy Value: $390,000,000
Subsidy Value in 2023 Dollars: $512,359,649
Program Name: Economic Redevelopment and Growth (ERG) Program
Awarding Agency: New Jersey Economic Development Authority
Type of Subsidy: 
Number of Jobs or Training Slots: 11,650
Capital Investment: $2,581,558,701
Source of Data: The value of the subsidy is taken from: New Jersey Economic Development Authority Memorandum dated November 1, 2013 regarding Ameream LLC, Meadow Amusement LLC and Affiliates; online at: (click here). Information on the 2015 extension in available in a NJ EDA Memorandum from May 29, 2015; online at (click here). An overview of the project: Andrew George, ?EDA grants extension for updated American Dream project incentives application," NJ BIZ, May 29, 2015; online at (click here)
Notes: In November 2013, NJ EDA approved $390 million over 20 year in certain tax reimbursement to Ameream LLC, Meadow Amusement LLC and Affiliates, an affiliate of Canada-based Triple Five. The grant is for a mixed use project that will include a mall and an amusement park. The land on which the project will be built has been approved for a PILOT but the value of the property tax abatement is unclear. Since 2013, the project has expanded and in May 2015, EDA prolonged a deadline for the developer to submit an updated application for the grant. Overlaps with main Subsidy Tracker data: a 2013 entry for $390 million for the developer under Economic Redevelopment and Growth (ERG) Program.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.