The massive shopping destination inside of the Meadowlands saw its losses quadruple last year, according to the New York Post, sending the facility a stunning $245 million into the red.

The facility is having trouble attracting tenants and is watching customer foot traffic slow, according to the report. Its expenses and debt, as we have documented here on Zero Hedge over the last 2 years, have been burdensome. 

The megamall had probably the worst "grand opening" timeline in history, welcoming customers for the first time just five months before the Covid pandemic locked down consumers and ensured the failure of many businesses who couldn't adapt.