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To: LomanBill

It is horrible, and now just a testament to a state heading towards rock-bottom.


86 posted on 02/19/2012 9:47:56 AM PST by kearnyirish2
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To: kearnyirish2

"The cost of construction has soared from an original estimate of $1.2 billion for both phases to more than $2 billion just for phase one alone. Xanadu officials blame the soaring price of steel and other materials, as well as unexpectedly complex design plans for the entertainment tenants.

Mills’ future faded amidst accounting misstatements that led to a Securities and Exchange Commission investigation and a sinking stock price..."
http://www.northjersey.com/specialreports/xanadu.html


Quack, Waddle.... Is that a global Laundromat?

88 posted on 02/19/2012 9:59:15 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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