“It would have been much better if American Dream had burned down or a hurricane had hit it, financially,” said Kurt Hagen, senior vice president of development for Triple Five. “Because we would have been covered by insurance. But this pandemic that we didn’t see coming has not been covered and it is the worst scenario imaginable.”
https://www.nj.com/news/2021/03/cash-crisis-at-american-dream-will-likely-lead-developer-to-lose-49-stake-in-mall-of-america.html