TJM Agrees To Sell Atlantic Club

The  owner of the Atlantic Club, one of Atlantic City’s oldest shut casinos, has agreed to sell the property to a businessman with ties to the city.

Property documents filed with the county in January show that TJM, the Florida-based  Atlantic Club owner, reached an agreement to sell the property to Jeffrey Smolinsky and his company, North American Acquisitions.

More about: , , , , , , ,

New Stretch of Boardwalk to get Lights, Ramps

The new stretch of Atlantic City Boardwalk that opened in the summer will be getting lights and ramps, according to a bid notice this week. Temporary ramp access at the end of the new length of Boardwalk near the Flagship in the Inlet had to be installed after the project opened, without lights or ramps. The boards were added above a new sea wall built by the Army Corps of Engineers as part of a project funded by the federal, state and local governments. The boardwalk was added as part of the sea wall project, but the engineers said the city was responsible for access and lighting. Walters Marine Construction is seeking suppliers and subcontractors for the new project, which will install lights and ramps between Melrose Avenue in the north Inlet and Oriental Avenue in the south Inlet.

More about: , , , , , ,

Is Icahn Getting Ready to Sell the Trump Plaza?

Billionaire investor Carl Icahn appears to be getting ready to sell his remaining Atlantic City property, the Trump Plaza. An Icahn-backed company, IEP AC Plaza, recently paid $3 million for the deed to the long-shuttered casino, according to property documents filed in December. (You can have a look at the docs here and h/t to Reuben Kremer for his ceaseless monitoring of the property records).

Icahn’s conglomerate Icahn Enterprises took control of the Trump Plaza and Trump Taj Mahal when the previous owner, Trump Entertainment Resorts, entered bankruptcy in 2014. Icahn sold the Taj Mahal to a consortium of local investors and Hard Rock International in 2017. But his attempts to sell the Plaza were stymied by the site’s ground lease, which was held by earlier investors and acted as a so-called poison pill to prevent the sale, according to the New York Post.

More about: , , , , , , ,

The Atlantic City To New York Bus Hack

Anyone who lives in or around Atlantic City knows that public transit to New York is biased toward casino travelers traveling in the other direction. Greyhound charges more for a round-trip ticket starting from Atlantic City than for that same ticket starting from New York. New Jersey Transit is cheaper but only runs 12 schedules a day at not-so-convenient times.

More about: , , , , , , ,

How Did Atlantic City’s Needle Exchange Open In A Business District?

Atlantic City’s syringe exchange program has operated for more than a decade from a downtown office building just a few blocks from the city’s casinos. Back when the South Jersey Aids Alliance started offering clean needles from the Oasis Drop-in Center in 2007, the site was in the Central Business District. We requested property records from the city and the Casino Reinvestment Development Authority, which oversees planning in the district. The city’s most recent document for the property (posted below) shows it as having the present use “office building”. Neither CRDA or the city had any certificate of land use compliance on file for the property, at 32 S Tennessee Ave.

More about: , , , , , , ,