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Thread: Atlantic City Seeks New Image: Las Vegas's

  1. #2791

    Thumbs up Stockton officially closes on Showboat

    The Richard Stockton College of New Jersey on Friday announced that it has formally purchased the shuttered Showboat Atlantic City for $18 million from Caesars Entertainment.
    The college will convert the former casino into an “island campus designed to spur economic and community development and help prepare Atlantic City’s workforce for the jobs of the future,” it said in a news release.

    Stockton had announced plans to buy and convert the site in November, but did not release details of the transaction at that time.

    “Stockton is committed to southern New Jersey’s continued social and economic development,” Herman Saatkamp, president of the Galloway-based institution, said in a prepared statement. “Our roots officially began at the former Mayflower Hotel in Atlantic City and, as our campus has expanded, so has our mission to provide higher education, research and community partnerships that enhance the region and state.

    “As Stockton develops a full-service residential campus awarding undergraduate and graduate degrees and other professional training, the opportunities for city residents to find good jobs will rise. The Stockton-Island Campus will help provide area residents with access to a distinctive Stockton education, helping them compete in our global society.”

    Stockton said it used investment funds to purchase the 1.73 million-square-foot property that sits on 26.28 acres alongside the Boardwalk, neither tapping state appropriations nor creating new debt. It added that tuition will not rise as a result of the purchase.

    The college also said a portion of the facility would continue to operate as a hotel, with that portion up and running in late spring 2015. Classes would begin at the site next summer, with a full schedule starting in the fall semester.

    The Island Campus is expected to increase Stockton’s 8,570-strong student body by another 4,000 within five to 10 years, the college said.

    http://www.njbiz.com/article/20141213/NJBIZ01/141219874/Stockton-College-announces-formal-$18M-purchase-of-Showboat

  2. #2792

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    I was in AC this weekend and Ballys looks like it might close next. There was almost no one in there and many sections of the Wild West casino were closed off. They also painted and updated the outside of the Wild West Part with neutral beige colors. Smells like a sale to me.

    Also, the Pier Shops at Caesars is also very empty. Glad it sold to a developer though. More than half the store were gone. Some areas like the fountain and the front area are already under construction.

    The Tropicana just got a fresh and darker paint job on its older exterior. Looks good! Can't wait for the boardwalk facade renovation coming up

  3. #2793
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    Borgata is absolutely loving all this

    http://www.reviewjournal.com/columns...rinking-market

  4. #2794

  5. #2795

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    Bass Pro Shops an unconventional Atlantic City retailer doing well

    http://www.mcall.com/news/nationworl...518-story.html
    ATLANTIC CITY, N.J. — Bass Pro Shops opened in Atlantic City on April 15, and the outdoor gear and apparel retailer surpassed expected sales by "40 percent" for its first month, an official said.
    "It was outstanding," said Eric Clements, the store's general manager, whose Springfield, Mo., company doesn't release specific sales numbers.
    Bass Pro store sales represent a hopeful blip in this ailing gambling town, where four casinos closed last year, snuffing out 8,000 jobs.
    Retail is expected to play a bigger role here.



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    "A key metric for tracking value of retail is the asking price per square foot — up 8 percent, year-over-year in Atlantic City while the rest of Atlantic County is down," said Israel Posner, executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University.
    City-owned land ripe for redevelopment, including Bader Field and Gardner's Basin, is expected to add more retail shops and restaurants to attract tourism.
    The Bass Pro Shops "Outpost," as the Atlantic City store is known, is one of 100 stores within the Tanger Outlets at the Walk, a sprawling outdoor mall.
    "Part of what's driving our gift and apparel [sales] is the visitor is not our typical customer," Clements said. "A lot are walking the Walk, and coming to us and seeing us for the first time. They're not our core shopper, but a shopper we are happy to have."



    4




    The Bass shops are an unusual retailer. Gov. Chris Christie attended the Atlantic City store's opening last month. It features a display 13,000-gallon aquarium, boats, guns, camping gear and even a pistol range...

  6. #2796

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    Removal of Atlantic City welcome sign stirs controversy


    http://www.pressofatlanticcity.com/n...fb3fceafb.html

    ATLANTIC CITY — A giant welcome sign that greeted Atlantic City Expressway motorists for years was removed Tuesday after it was discovered it did not have the proper highway permit.
    But it remains unclear who is to blame for not securing the permit. And now that the sign is gone, a marketing executive in charge of promoting Atlantic City contended it will be a setback for tourism.

    The South Jersey Transportation Authority, the expressway’s operating agency, said the sign had to be taken down because it was in violation of federal highway regulations.

    “We have to remove any sign that is not permitted and is not compliant,” said Sharon Gordon, the SJTA’s deputy executive director.

    RELATED ARTICLE
    A.C. Expressway partners with S.J. counties to promote region’s attractions


    However, Gordon said state Transportation Commissioner Jamie Fox stepped in later Tuesday to offer the Department of Transportation’s assistance in granting a permit to restore the sign as long as it meets the regulations. Gordon added that Fox had spoken to Mayor Don Guardian “and they’re working it out.”

    The landmark sign had existed for years, even going through different iterations that reflected Atlantic City’s evolving tourism campaigns. At one point it read, “Atlantic City: Always Turned On,” a nod to the resort’s adult-oriented former marketing slogan. More recently, it proclaimed, “In one mile, you’ll be a million miles away,” a saying intended to portray Atlantic City as an exotic vacation retreat.

    The sign was plastered on a ramp that spans the expressway near Exit 2 on the outskirts of Atlantic City. It was highly visible for motorists heading east into town.

  7. #2797

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    81,000-square-foot indoor water park approved for former A.C. casino site

    http://www.nj.com/atlantic/index.ssf..._essex_article

  8. #2798

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    Borgata: $50 million renovation. New adult outdoor pool complex, new conferences spaces, restaurants, nightclub
    Tropicana: $25 million renovation. 500 Havana Tower rooms gutted. South Tower Casino renovated. New Pacific Ave entrance. Other improvements

  9. #2799

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    150ft 'Polercoaster' coming to area bordering boardwalk where Sands Casino once stood. Construction expected to begin later this year and be done by 2018. Huge entertainment project for AC. Will include restaurant/bar and other amenities.

  10. #2800
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    So I assume that if NJ approves upstate Casinos, Atlantic City is as good as dead.

    For that reason I doubt it ever happens

  11. #2801

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    Quote Originally Posted by GordonGecko View Post
    So I assume that if NJ approves upstate Casinos, Atlantic City is as good as dead.

    For that reason I doubt it ever happens
    The opposite is true. AC is as good as dead if NJ doesn't approve Northern NJ casinos.

    The reason is simple. Only AC casino companies are allowed to apply, and a huge % of profits have to be sent back to AC. The Northern NJ casinos are actually AC's only savior, which is why AC supports the new Northern NJ casino proposals.

  12. #2802

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    I think that northern casinos will allow AC to expand beyond casinos and the polercoaster will be a perfect example as a way to survive.

  13. #2803
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    Quote Originally Posted by ASchwarz View Post
    The opposite is true. AC is as good as dead if NJ doesn't approve Northern NJ casinos.

    The reason is simple. Only AC casino companies are allowed to apply, and a huge % of profits have to be sent back to AC. The Northern NJ casinos are actually AC's only savior, which is why AC supports the new Northern NJ casino proposals.
    Aschwarz thats not entirely accurate. AC casinos would have six months to submit a proposal after the referendum for North Jersey casinos. If they don't meet that timeline that any casino operator can submit. Also $200 million in revenue made from North Jersey would go to AC. Part of the fight was that North Jersey lawmakers felt AC was getting to much revenue from North Jersey.

    http://www.nj.com/politics/index.ssf...ersey_cas.html

  14. #2804

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    For some reason, the various governments are reticent to approve casinos directly in the NYC metro area. The first state that does, and the first operators that do, will make a fortune (and drive the final stake in the heart of AC gaming in the process.) If Jersey doen't do it, at some point NYS will get it's head out of it's ass (first) and do it.

    Quote Originally Posted by GordonGecko View Post
    So I assume that if NJ approves upstate Casinos, Atlantic City is as good as dead.

    For that reason I doubt it ever happens

  15. #2805
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    You know what it is, everyone wants to eat NYC's lunch. The upstate politicians & casinos want the NYC residents going up there. same for AC casisons, for Eastern Connecticut, etc etc.

    Maybe one day someone somewhere will have the balls to open a Casino right in the middle of Manhattan so we can actually keep our money here instead of getting siphoned off to the surrounding municipalities. Dare I say you could even fund a whole new Penn Station with the auctioned rights to that franchise

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