Ledger Live: Meadowlands Xanadu - A boon or boondoggle?

Ledger Live for Thursday April 2nd, 2009 - Ledger Live with Brian Donohue. On today's show: Once touted as a key economic engine for North Jersey, the Meadowlands Xanadu project is on the rocks - retail tenants are balking, the opening has been delayed, a key lender has defaulted and construction has all but stopped. Now, Senate President Richard Codey has jokingly made a proposal: scrap the whole thing - indoor ski slope and all - and turn it into a piece of modern art. George Zoffinger, former Chief Executive of the New Jersey Sports and Exposition and a driving force behind Xanadu, counters that with unemployment on the rise, New Jersey needs Xanadu more than ever. When the economy recovers, the complex will open, he says. And once it does, New Jersey will have a true gem on its hands.