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 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.