eSecaucus

Secaucus, New Jersey News and Information

American Dream Delayed … Again

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Stop us if you've heard this one before. The American Dream megamall project hit yet another delay this week after Goldman Sachs did not price the more than $1 billion in bonds as expected. According to Bloomberg, sometimes the process of debt offering can be delayed if the bank needs to find buyers or answer the questions of potential investors. Goldman Sachs did not … [Read more...]

Secaucus Adopts 2017 Municipal Budget

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Secaucus adopted its 2017 Municipal Budget last week and noted that there will be no increase in overall taxes. Despite an increase in the school tax rate, the budget will absorb the increase and not pass it along to residents. The town released a statement with the following quotes from Mayor Michael Gonnelli: For the second year in a row, our overall tax rate will remain … [Read more...]

American Dream Gets Financing to Continue Construction

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The development group in charge of the American Dream retail and entertainment complex has closed financing to restart construction. Triple Five Group has obtained $1.67 billion in funding from JP Morgan and Goldman Sachs to continue the project, which has been under construction intermittently for more than a decade. The three million square foot behemoth is now slated … [Read more...]

Proposed Tax Plan Would Hit NJ Homeowners Hard

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The tax plan proposed by the White House Wednesday would hammer New Jersey residents by eliminating the deduction for state and local taxes. The removal of the deduction would be a tough blow for New Jersey homeowners, who pay the highest effective tax rate in the nation. According to the Tax Policy Center, eliminating the deduction would increase the average tax bill of … [Read more...]

Is Secaucus Getting A Beer Garden?

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New Jersey real estate website Jersey Digs posted an article speculating that a beer garden could be coming soon to The Plaza at Harmon Meadow in Secaucus. The article says that Robert K. Futterman & Associates - the new owners of the Plaza - are seeking a new 6,000 square foot restaurant or beer garden to be located between Chili’s and the Holiday Inn. There is also … [Read more...]