Route 40 (https://rtforty.com/tag/atlantic-city/page/6/)
The casino formerly known as the Revel is under a “notice of settlement agreement of sale” to AC Ocean Walk, which is controlled by Denver-based developer Bruce Deifik.
Calls to Deifik and a lawyer for Revel-owner Glenn Straub were not immediately returned. Deifik is backing TEN, which has been trying to reopen the Revel since last year.
The Democrat and Republican machines vying for control of the Atlantic City area worked up until the last minute of the election, spending big and seeking more contributions in the third-most expensive race in the state this year.
As the Stockton University and South Jersey Gas buildings have been rising a block away, there’s been some new interest in the closed bar on the corner of Harrisburg and Atlantic Aves in Atlantic City.
The Hard Rock Atlantic City Casino and Hotel has received a $400 million loan from its Florida-based parent, according to property documents.
“The Boardwalk is for slow cruising only,” reads a new sign on the Atlantic City stretch of the Boardwalk, not far from Jackson Ave. The “Atlantic City Boardwalk Bike Riding Etiquette” sign is filled with other good advice too, such as to yield to pedestrians, walk bicycles through crowds and be prepared to stop. We at Route 40 are avid Boardwalk cyclists and we’re fans of the intention behind the sign. Even the wording is intelligible and straight-forward (leaving aside slow cruising double entendres). But there’s the rub.
Just in time for Halloween, here’s a horror film with a local connection. American Gothic, the third feature film by Ventnor-based producers Dina Engel and Sherry McCracken, will be available on cable systems’ video-on-demand platforms on Tuesday.
I was warned off cycling on the Atlantic City Boardwalk near Tropicana on Wednesday around 1.45 pm, where two patrol cars and four police were stopping cyclists. There are four hours during the winter when the Boardwalk (and only between Albany and Connecticut Aves) is closed to cyclists.
The Casino Reinvestment Development Authority board will discuss issues related to public safety in the Atlantic City Tourism District in a closed session following its public meeting on Tuesday afternoon.
The Casino Reinvestment Development Authority is preparing to sell off some of its Atlantic City real estate holdings, according to documents filed on its website.
“The CRDA seeks an experienced professional firm to market and auction surplus real property owned by the Authority and no longer necessary for its operations,” says the request for proposal. The real estate to be auctioned off ranges from a half-block package in the Inlet with a valuation of $6 million, to a $300 non-buildable alley on North Massachusetts Ave.
Glenn Straub’s Polo North agreed to sell the casino property known as the Revel to a group of developers that had been leasing the property and trying to reopen it as TEN. The purchasing entity is backed by Bruce Deifik, founder and president of Denver-based developer Integrated Properties.