Route 40 (https://rtforty.com/tag/atlantic-city/page/4/)
The Atlantic Club is still up for sale and its owners just modified a $10 million mortgage on their other Atlantic City Boardwalk property, The Claridge. These things are not related, Dale Schooley, director of acquisitions for the owners, TJM, told me yesterday.
A medical marijuana dispensary and farm could could take over the buildings and lots used by Calvi Electric in the center of Atlantic City’s Tourism District, according to a plan filed with the tourism district planning authority this week.
The long-awaited Donald Trump Museum of Atlantic City had its debut the other day in front of the moldering husk of the TRUMP Plaza Casino at Columbia Place and the Boardwalk.
The Casino Reinvestment Development Authority is considering building laptop lounges on the upper floors of the Atlantic City Convention Center. The project – which currently exists as a request-for-proposals – would allow businesspersons to plug in and work from the sidelines of conferences. But could it be the opportunity to do something more?
Looking at an aerial photograph showing off Atlantic City’s near-desolate South Inlet neighborhood and its new $38-million storm-protection structure, the New Yorker had a question.
“Did you have a lot of challenges justifying your cost analysis?”
Atlantic City is supposed to be a bad place to start a business, but you might not know it if you were a start-up LLC looking to open an axe-throwing establishment next to a whiskey distillery in a residential neighborhood, a business idea I imagine would be met with skepticism in a lot of communities.
The axe-throwing entrepreneur, Bill Hanson, is the boyfriend of Leah Morgan, a painter, who has a studio in the Arts Garage, and is what brought Bill out of the Pine Barrens and down to Atlantic City in the first place.
The owner of the Atlantic Club, facing a foreclosure filing, has paid off back-dated taxes and interest from 2017, according to one official familiar with the court proceeding. The tax liens on the aging former casino at the southern end of Atlantic City’s Boardwalk were worth almost $1 million.
Atlantic County isn’t known for its small businesses or entrepreneurs. But in between the casinos, small business owners are working together to create new services and products.
As developers from Asbury Park and closer to home are piling into long-neglected beach blocks in Atlantic City’s downturn, one Tennessee Avenue lot-owner has decided now is the time to sell. The Church of Jesus Christ Of Latter Day Saints has put up for sale a Pacific Avenue-fronting lot directly across from St Nicholas of Tolentine Church.
An Atlantic City beach block between St James Place and Tennessee Avenue should see a third development begin this summer from long-time city businessmen Abraham and Robert Schiff.