failed to come up with funding<\/a> after reportedly reaching a deal with TJM to buy the property and also overhaul it into a waterpark.<\/p>\n<\/div>\nR&R Back?<\/b><\/h2>\n
After R&R’s deal fell through, TJM Director of Acquisitions Dale Schooley was none too thrilled. He said at the time, “You would think they would have been sure of their financing.”<\/p>\n
R&R was also disappointed, but said they would be back with more secure financing to make another run at buying the club.<\/p>\n
While some believe the Atlantic Club is in need of a total overhaul, or perhaps even demolition, it sits on valuable acreage that’s just steps from Stockton University’s Gateway Project. The campus will include housing for 520 students, a new parking garage, and office space. The over $176 million project is expected to be finished next year.<\/p>\n
The Gateway Project is largely funded through tax dollars and Atlantic County bonds. Officials hope it will revitalize the southern end of the tourism district.<\/p>\n","protected":false},"excerpt":{"rendered":"
Atlantic City will get its eighth casino when the former Trump Taj Mahal reopens as Hard Rock next year, but the Boardwalk resort might not be the only shuttered property to return to life in 2018. According to The Press of Atlantic City, a deal is in the works for Florida-based TJM Properties to sell […]<\/p>\n","protected":false},"author":42,"featured_media":60507,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,1],"tags":[],"acf":[],"yoast_head":"\n
Atlantic City Could See Two Casinos Reopen, Atlantic Club to Be Sold?<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n