Stockton College Could Shop for Shuttered Atlantic Club Casino

Stockton College Could Shop for Shuttered Atlantic Club Casino

Brand-new Jersey’s Stockton University is considering the buying the ill-fated Atlantic Organization Casino Hotel as part of their expansion in Atlantic Community, the Push of Atlantic City documented Monday.

It absolutely was understood the fact that the university’s Enter of Wholesale real estate flipper will examine the potential buying the former betting house resort during a Wednesday made session. Using the board’s meeting agenda, some public political election on the getting the Ocean Club may also take place with Wednesday.

Formerly known as Older Nugget, Bally’s Grand, and also Grand, the actual Atlantic Team originally started doors in 1980. Them closed entry doors permanently with January 2014 to become the main of five Boardwalk casino buildings to shut straight down in the timeframe between 2014 and 2016.

The Atlantic Club has always been unoccupied since its closure. Florida-based real estate acquisition firm TJM Properties got the property from the New Jersey affiliate marketer of Nevada gaming enormous Caesars Amusement Corp inside May 2014 for the whole amount of $13. 5 thousand . A deal for the great deals of the shuttered casino resort to R& N Development dropped through within 2015 because the Ventnor-based firm failed to safeguarded the necessary financial. That price could have at the same time seen the Atlantic Pub be converted into a family-friendly vacation resort with no gambling options. Continue reading “Stockton College Could Shop for Shuttered Atlantic Club Casino”