The developer behind the Nickelodeon Universe theme parks is delinquent on its mortgages and seeking a government bailout as it looks to manage its debts, according to financial reports.
Triple Five Group, which owns the Nickelodeon Universe parks at its Mall of America and the new American Dream mall in New Jersey, has missed the last two monthly payments on its $1.4 billion mortgage for the Mall of America property. The Minneapolis-area mall - the biggest in the United States - has been closed since March 17, though it is scheduled to reopen on June 1. The company is asking the state of Minnesota for a forgivable loan to help it make its debt payments.
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