Camden and Atlantic City Ate the Cake
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Projects in South Jersey got a disproportionate chunk of the money awarded under tax incentive programs that are now under scrutiny by lawmakers and the state comptroller.
Route 40 (https://rtforty.com/tag/stockton-university/)
Projects in South Jersey got a disproportionate chunk of the money awarded under tax incentive programs that are now under scrutiny by lawmakers and the state comptroller.
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.
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.
Atlantic County officials expect to announce shortly the signing of a lease at the soon-to-open National Aviation Research & Technology Park in Egg Harbor Township.
Atlantic City’s real estate market has had a relatively busy spring so far. A shell company earlier this month spent $510,000 on an Atlantic City building that includes a Pacific Ave storefront and apartments, the Best Western has a new mortgage and a Stockton donor has acquired two beach-block lots from the Atlantic Club.
Under overcast skies as gale-force winds blew across the bay, a group of soccer players from as near to home as Somers Point and as far afield as South America and Europe ran drills and bantered on Atlantic City turf yesterday.
“Islamophobic Nationalism and the Terror Age” Lecture with Dr. Nazia Kazi, assistant professor of anthropology at Stockton University.
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.
Local institution Gilchrist Restaurant is opening a fourth location on Pacific Avenue in Atlantic City at the site of the former Teplitzky’s Diner, according to a Facebook announcement on Thursday.
More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts are shrinking at a rapid rate in the Northwest of the state, as well as in Southern shore communities such as Avalon, Margate and Ventnor.