“What their revenue flow is going to be, what their cash flow is going to be, all of those things have been severely compromised by changes in the economy of the last five years,” said Marc Pfeiffer.
![Meadowlands towns say American Dream owes them at least $13M](https://cupr.rutgers.edu/wp-content/uploads/2024/03/American-Dream-Mall-1080x675.jpg)
“What their revenue flow is going to be, what their cash flow is going to be, all of those things have been severely compromised by changes in the economy of the last five years,” said Marc Pfeiffer.
“Not enough resources were spent to manage those contracts to ensure that controls were in place and there was monitoring done to prevent that type of a circumstance from happening,” Pfeiffer said.
The lawsuits and failure to pay debts “has the effect of buying them time, which gives them the opportunity to renegotiate things” more in the mall owners’ favor, said Marc Pfeiffer, assistant director at Rutgers University’s Bloustein local government research center.
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