Stockton University unveils new Atlantic City campus
TJM on Thursday said it is in talks with Caesars to try to have that restriction removed, presumably making the property more marketable in a recovering casino resort. Typed comments will be lost if you are not logged in. It was jointly bought by Tropicana Entertainment and Caesars Entertainment, with Caesars maintaining control of the buildings and property. But when financing dried up, so too did the water park plan, and the Atlantic Club went back on the market. If you see comments in violation of our community guidelines , please report them. Check out this story on courierpostonline. Welcome to our new and improved comments , which are for subscribers only. But conflicting restrictions on what the property could be used for left the property tied in legal knots, and Stockton agreed to sell it to developer Glenn Straub, who had recently bought the former Revel casino. No purchase price was ever revealed. The Atlantic Club closed on Jan. Wayne Parry, Associated Press Published p. Thus began an odyssey of solicitations, sales, and sighs as deal after deal fell apart. In Dec. This is a test to see whether we can improve the experience for you. You will need to register before adding a comment. In April , a local investment group led by investor Ronald Young signed a deal to buy it, announcing plans for a family-friendly hotel, anchored by an indoor water park. The latest involved a bid by Stockton University to buy the casino property as part of its new Atlantic City campus. The Showboat casino closed on Aug. But the sale to Straub fell through as well, leaving Stockton with a building it could not use and maintenance bills of half a million dollars per month. ET Sept.{/INSERTKEYS}{/PARAGRAPH} A link has been sent to your friend's email address. Petersburg, Florida, pronounced the deal dead Thursday. A link has been posted to your Facebook feed. You do not need a Facebook profile to participate. Comments Welcome to our new and improved comments , which are for subscribers only. It's OK to disagree with someone's ideas, but personal attacks, insults, threats, hate speech, advocating violence and other violations can result in a ban. TJM Properties of St. But the deal fell through within a year. {PARAGRAPH}{INSERTKEYS}Let friends in your social network know what you are reading about. The company specializes in senior citizen and multi-unit housing. Cancel Send. But Stockton wanted the parking garage and the land; the casino and hotel buildings would have been razed. Please be polite. This is our future and we will continue to try to make the best investments we can there. Share This Story! Post to Facebook.