For a place that has been promised a comeback in recent years — only to see it never materialize — experts say Atlantic City is in uncharted yet promising territory that could help usher in a long-awaited recovery. Land prices are at their lowest in decades, local and regional developers with proven track records are investing in the city and the first credible nongaming project in years is under construction, with the potential to bring thousands of students and professionals to the Boardwalk as soon as next year.
The former Revel casino hotel in Atlantic City — Courtesy: Governor’s Office/Tim Larsen By Real Estate NJ Glenn Straub, the owner of the former Revel casino in Atlantic City, said he now plans to reopen the shuttered property in less…
The famed exterior of the Trump Taj Mahal will soon be gone from the Atlantic City Boardwalk and replaced by another iconic brand, the Hard Rock Hotel & Casino.
But Jim Allen says that transforming the property is about far more than changing what’s on the outside.
Sitting on 17 acres of prime Boardwalk real estate, the former Taj Mahal is in line for a $375 million overhaul under the ownership of Hard Rock International and the Morris and Jingoli families.
Another shuttered Atlantic City casino could find new life under a plan unveiled Monday by a local developer.
Investor Carl Icahn has agreed to sell the shuttered Trump Taj Mahal casino to Hard Rock International and two New Jersey real estate families, the buyers said, under a $300 million plan to acquire, renovate and reopen the Atlantic City gaming hall.