NY Waterway President Imperatore named to New Jersey Hall of Fame

NY Waterway President & Founder Arthur E. Imperatore was among those inducted into the New Jersey Hall of Fame Sunday, May 7 during a gala red carpet ceremony at the Asbury Park Convention Hall May 7.

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Imperatore was honored for his more than 70 years as a successful entrepreneur in the garden state, including his leadership of NY Waterway, which he founded 30 years ago.

When Imperatore started NY Waterway with one ferry on Dec. 3, 1986, government leaders and others doubted the effectiveness of commuter ferries. But Imperatore built a transportation system of 31 ferries and 80 buses, carrying more than 30,000 passengers per day, the largest privately operated commuter ferry system in the U.S.  

“Induction into the New Jersey Hall of Fame is the highest civilian honor that our State can bestow on someone,” said John Keegan, Chairman Emeritus of the NJHOF Foundation Board.  “It’s a celebration of New Jersey and its greatest achievers, and a recognition of role models for our next generation.  This is New Jersey’s version of the Academy Awards, so attendees can expect some surprise celebrity appearances.”

“I want to thank two women who played an important role in my life, my mother and my wife, Mei Ling,” Imperatore said in accepting the honor.   He also thanked “the people who made my business a success,” his employees.

For more information, call 1-800-53-FERRY or visit www.nywaterway.com, www.facebook.com/nywaterway or www.twitter.com/ridetheferry.

American Dream project (formerly Xanadu) should open in 2019

The Triple Five Group of Cos. Has announced it has obtained the $1.67 billion private construction financing it needs to continue construction of the American Dream mall/entertainment project on Route 3 in the Meadowlands, according to local media.

“We are pleased to have worked with JP Morgan and Goldman Sachs on the financing for this transformational project,” Don Ghermezian, CEO and president of American Dream, said. “The construction loan paves the way for the completion of American Dream and allows us to aggressively move forward with the construction and opening of the project.”

The firm had previously scheduled completion for fall 2018. Triple Five said American Dream is now slated to open in March 2019.

Despite the stoppage of construction, American Dream continued its leasing efforts. Kidzania, DreamWorks Water Park, Nickelodeon Universe Theme Park, Cinemex and Legoland Discovery Center have already signed up to be a part of the 3 million-square-foot project.

Triple Five has also owns Mall of America in Minnesota and Edmonton Mall in Canada.


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