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MOA water park a step closer, but economy is a splash of cold water

The St. Paul Port Authority will help finance the $430 million project. ....

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Bloomington gets ready to set water park tax plan in motion

City leaders are expected to grant key approvals for the deal next month. ....

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The kickass science and technology radio show that delivers an irreverent look at the week in science and technology. ....

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American Dream Lenders Likely to Seize Share of Other Mega Malls

(Bloomberg) The owners of New Jersey’s American Dream project are likely to lose almost half their stakes in two other mega malls used as collateral to finance the $5 billion shopping and entertainment center. ....

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Mall of America's owner faces more pandemic-driven financial struggles

A Mall of America official disclosed last week that lenders are likely going to take a 49% equity stake in the Bloomington megamall after the pandemic hampered its operations elsewhere.Why it matters: Valued at $1.9 billion, MOA is perhaps the largest real estate asset and tourism driver in the state — and lenders are likely have a very large voice in what happens to its future.Get market news worthy of your time with Axios Markets. Subscribe for free."We have to wait and see if there is any impact [to Bloomington]," Bloomington Port Authority administrator Schane Rudlang told Nick. "We continue to monitor the situation." How it happened: MOA owner Triple Five Group took out a $1.67 billion construction loan to build the American Dream Mall in New Jersey. As collateral, Triple Five put up a stake in MOA and the West Edmonton Mall in Canada. American Dream opened last March, but has been hampered by pandemic capacity restrictions, causing cashflow issues, Kurt ....

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