AC Update on current projects:

Atlantic City Council tabled an ordinance permitting the city to execute a ground lease agreement with Bader Field Sports LLC, which was selected earlier this year to develop a series of athletic fields on the disused airport. Company vice-president Greg Allen said the fields could be open by the fall of 2016. Council President Frank M. Gilliam said the legislation was postponed so the city could work out unresolved details in the lease...

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A variety of Atlantic City infrastructure and development projects are moving forward, as the city also opens new areas to development..

“Infrastructure projects are the foundation of any other development,” said Elizabeth Terenik, the city’s planning director, at a Wednesday meeting reviewing the projects. To that end, construction will soon begin on the Baltic Avenue Drainage Improvements Project, a $6.5 million effort to add pumps and gates to the century-old canal. The work should alleviate flooding between Atlantic Avenue and Fisherman’s Park. Construction on the...

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Sandy revealed how critical it is for Atlantic City to become more resilient in the face of extreme weather.

Atlantic City’s efforts to adapt to a world of rising seas and stronger storms was the focus of a public meeting Wednesday hosted by planning director Elizabeth Terenik. The gathering also highlighted a proposal from architecture and design firm Perkins+Will to turn the island into a center of research and experimentation into coastal living. Terenik said the substantial financial and physical damage caused by Hurricane Sandy revealed how...

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AC Boardwalk Project update:

Local, state, and federal officials were in Atlantic City on Thursday to celebrate the Absecon Inlet seawall and Boardwalk project that broke ground this summer, an infrastructure effort they say will turn some of the resort’s most vacant land into valuable property in vibrant new neighborhoods. The project, expected to be completed in 2017, will cost more than $40 million, and will produce a continuous boardwalk running to Gardner’s Basin,...

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AC Gambling Revenue up 10%

The resort’s casino industry produced nearly 10 percent more gambling revenue in September 2015 than in September 2014, state casino regulators announced Thursday, stoking speculation that a stabilization is afoot in a town that’s been hammered by competing casinos in Pennsylvania and Maryland. The industry reported $230.1 million in September 2015 gambling revenue, up 9.9 percent from last year. That comparison includes revenue from two...

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Showboat Sold…

Showboat sold for 22 million to Bart Blatstein closing scheduled on November 9th 2015.

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