Thursday, February 26, 2015

Racketeering trial shows megamall underside

Newark, N.J. a This week's federal trial of a former Democratic powerbroker is expected to shed light on the maneuvering behind a multibillion-dollar megamall project that has languished for more than a decade at New Jersey's Meadowlands sports complex. Now known as American Dream Meadowlands, the sprawling project was known as Xanadu in the early 2000s when, federal prosecutors contend, Joseph Ferriero used his position as head of the Bergen County Democratic Organization to squeeze nearly $2 million out of a Virginia-based developer in exchange for his political influence.

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