Xanadu: Largest Ever U.S. Mall Complex May Never Open

Xanadu, the gargantuan New Jersey entertainment retail complex, may be going down for the third time. Less than a year ago, analysts were arguing that the project was "too big to fail," but the developer's struggle to find new financiers, which has led to negotiations with real estate powerhouse Related Companies, now carries more than a whiff of desperation, as the state of New Jersey may be considering a move to seize the land.