With the American Dream shopping and entertainment complex finalizing its financing last year, officials are now looking into a new “master plan” for the Meadowlands, according to NJBIZ.
A previous plan for the Meadowlands was sent to take place in 2009, but American Dream was delayed by financing issues for nearly a decade and the IZOD Center closed its doors in 2015.
The New Jersey Sports and Exposition Authority absorbed the New Jersey Meadowlands Commission in 2016 to further complicate the plans for the area. However, the Meadowlands Regional Chamber will submit a new proposal at the end of this week.
According to NJBIZ, the Chamber’s proposal has three central tenets: has set three priorities in its proposal:
- To repurpose the NJSEA as a regional planning authority;
- To advance and implement key infrastructure projects and quality of life, and;
- To establish destination and economic tourism promotion as an economic development tool.
The proposal includes the construction of a large convention center and a large investment in upgrading roads and public transit, including the idea of extending the New York City’s Number 7 subway line to Secaucus.