EAST RUTHERFORD -- The developers of the American Dream have announced that the massive Meadowlands entertainment endeavor is once again facing a delay.

Triple Five said in a statement that it was pushing back its self-imposed March deadline to start selling $1 billion in public bonds to help finance the 91-acre complex. American Dream is slated to be stacked with a number name-brand stores, as well as various entrainment and dinning options.

"American Dream financing is progressing and we are now on-track," spokeswoman Debbie Patire told NJ Advance Media Monday.

Voicing frustration over the long-stalled project, East Rutherford Mayor James Cassella told The Record that the borough is concerned the move may indicate Triple Five will seek to restructure the current deal.

Last summer, East Rutherford approved $675 million in bonds for American Dream. A month later, the project was given close to $400 million in tax breaks through Economic Redevelopment and Growth.

The project's total cost is estimated at roughly $3.18 billion.

Over the last year, a slew of businesses have announced they are joining American Dream, ranging from an aquarium to a '4D' dine-in movie theater, to a number of restaurants and retailers.

Craig McCarthy may be reached at CMcCarthy@njadvancemedia.com. Follow him on Twitter @createcraig. Find NJ.com on Facebook.