CRDA, Revel Settle Tourism-District Fee Dispute

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The Casino Reinvestment Development Authority and the Revel’s holding company have settled a dispute over unpaid tourism-district fees that led to CRDA filing a lien on the shuttered casino property at the northern end of the Boardwalk in May.

Documents filed with the Atlantic County Clerk show the lien tied to the dispute over $64,604.30 in unpaid 2015 Special Improvement District Assessments was discharged on June 30.

Reports of a possible sale of the Revel have swirled in the last few weeks. The Press of Atlantic City reported that a $220 million offer for the property was made earlier this month.

Revel’s owner Glenn Straub last year leased the property to a group of developers who rebranded it as TEN. Plans to reopen the property this year foundered, however, when the Casino Control Commission denied Straub a casino license.

A lawyer for Straub in Florida did not respond to messages seeking comment on his plans. Messages left with a TEN executive and a spokeswoman for the CRDA were not immediately returned.

2 thoughts on “CRDA, Revel Settle Tourism-District Fee Dispute

  1. Meanwhile, while this tab has been paid, I live across the street from Revel…. Years ago, the CRDA took the street parking around the complex, and landscaped berms into the former street. I am not sure who was supposed to keep it nice, the CRDA or SID, or Revel. (Part of the deal… it wasn’t our problem for future maintenance.) Once Revel closed, the landscaping stopped, many plants died, and there is little attention paid to this little oasis I call home. Part of the landscaping is between our complex and the Bella. A recent out of town visitor asked me, as I was pulling up, if it was subsidized housing, because the weeds at that time were so high surrounding the property. Inside the complex we are constantly fixing…. Meanwhile, on the other side of our oasis is Bart Blatstein’s Showboat….where he is showing absolutely no interest in how his exterior looks. This is all within the tourism zone.