By Real Estate NJ
A local developer is pushing a site in Newark as the home of a casino if voters approve a statewide gaming expansion next month — and he is meeting with operators from Atlantic City about the proposal.
That’s according to published reports on Friday, which highlighted a proposed site on Broad Street near the former Newark Bears baseball stadium. A report by The Record said the Newark-based developer, Miles Berger of The Berger Organization, has a preliminary partnership with an Atlantic City gaming operator, though it did not identify the company by name.
New Jersey residents will be given their say in whether to expand casino gaming beyond Atlantic City to northern New Jersey, with the question slated to be on the Nov. 8 ballot. The proposal appears to face an uphill battle, as polls show strong opposition with the most high-profile backers of the expansion having recently pulled their funding for a media blitz.
The Meadowlands Sports Complex and Jersey City have drawn the most vocal support and interest as potential sites for a North Jersey casino, but politicians and business leaders in Essex County have also touted Newark as a viable location.
For more, see Friday’s story by The Record.
More New Jersey real estate headlines
Norcross partnership buys Ferry Terminal building in Camden (Philadelphia Business Journal)
A vacant 25-story apartment tower in Newark could soon see revitalization (Jersey Digs)
Senate approves bill to block casino license ‘warehousing’ (Press of Atlantic City)
Editor’s note: The Rundown is a regular feature by Real Estate NJ in which we recap commercial real estate stories and headlines from across the state.
