The defunct Revel casino in Atlantic City has a new name and a new management team.
Speaking to a crowd of fellow real estate and retail professionals, developer Bart Blatstein on Tuesday made a pitch for bringing new development and investment to Atlantic City.
The mixed-use project known as Gateway in Atlantic City could take important steps toward starting construction in the coming weeks.
THE RUNDOWN: Like its gaming revenue, property values in Atlantic City have plummeted over much of the past decade. That’s according to a new story by The Press Atlantic City, which found that total property assessments in the city have fallen from more than $20 million in 2008 to roughly $7 million today.