By David Madden
ATLANTIC CITY, N.J. (CBS) — Attorneys for the bankrupt Revel casino-hotel have, as threatened, filed motions to terminate the $95-million sale of the shuttered resort to a Florida developer. And the issue is expected to be addressed at a hearing tomorrow in federal bankruptcy court in Camden, NJ.READ MORE: CBS3 Mysteries: Father Of Man Who Marked Grim Milestone For Philly Wants Son To Be Remember More Than Number
Glenn Straub had until midnight yesterday to close on the sale, but didn’t. Straub’s lawyer asked the court for an extension, till the end of February, to allow for various appeals from Revel tenants and its power provider to play out.READ MORE: Upper Darby Chiropractor Charged With Sexually Abusing 9-Year-Old Girl During Exam
But the owners of Revel have apparently had enough, asking Judge Gloria Burns to approve their request to cancel the deal with Straub and keep his $10-million deposit.MORE NEWS: Philadelphia Business Owners Seeing Uptick In Brazen Thefts
If approved, the fate of the resort would go back into legal limbo, and most experts believe that without a new buyer waiting in the wings, an outright liquidation might be the next step.