
An artist sketch of Meadowlands Xanadu snow complex
One of the longest and most expensive sagas in world ski area development appears to be back on track following the intervention of a US billionaire.
Local reports say that billionaire Steve Ross has been promoting the Meadowlands Xanadu mall project, now re-branded ‘Meadowlands’ at a convention in Las Vegas. Ross is expected to announce he has secured the $500 million (€400m) plus required to finally complete the development and that the grand opening could now take place in 2011.
The giant Xanadu mall in New Jersey, USA, will be home to North America’s first indoor snow centre. The complex was largely completed a year ago with snow produced on the indoor slope last summer, but has been effectively mothballed for the past nine months due to financial problems.
Continue reading ‘Billionaire to back Meadowlands Xanadu’
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