Atlantic City NJ
Glenn Straub’s agreement to buy the defunct casino-hotel expired at midnight Monday. He wants another month to deal with utility issues and the appeals of commercial tenants who remain.
Straub had until midnight yesterday to close on the sale, but didn’t.
City officials have been warning of health and safety concerns, plus the potential for mold formation if the utilities are shut off at Revel.
And if things play out as he expects they will, Steve Sweeney says he is ready to fight the governor’s plan in court.
And it may center around the defunct Revel property, soon to be bought by Florida developer Glenn Straub.
By executive order, Christie appointed Kevin Lavin as the city’s emergency manager and Kevyn Orr as special counsel to the emergency manager.
The line stretched out of the ballroom of the Sheraton, around the corridor, wrapped around a spiral staircase and ended at the front door of the hotel.
Company officials say operations at its facilities, including a pair of Atlantic City casinos, will go on as usual.
With four casinos gone in the past year, putting more than 8,000 people out of work, New Jersey’s congressional delegation got the US Labor Department to put together $29.4 million in grants for retraining that idled work force.
Posted listings show WMGM picking up the “Soul of the South” TV network and a slew of infomercials to fill the time.
Two of the three women who were victimized by Christian Dior Womack submitted impact statements to US District Court in Philadelphia, each saying they were still haunted by horrible memories and will never be the same.
Icahn, who is poised to buy the Trump Taj Mahal casino-hotel, is ponying up $20 million so it can remain open while bankruptcy proceedings play out.
Judge Gloria Burns has granted a request by Revel Entertainment to cancel the $110-million sale to Toronto-based Brookfield Asset Management.
Straub had offered $95 million for the Atlantic City property. A hearing is scheduled for Friday to consider the motion.
The owners of Atlantic City’s Trump Taj Mahal have pushed back the scheduled closing date for the casino.