CRDA plans to create $6 million park around Abescon Lighthouse

Posted: Wednesday, April 18, 2012 By EMILY PREVITI Staff Writer Press of Atlantic City ATLANTIC CITY — Officials plan to spend more than $6 million in the next year or so transforming a six-block area of the South Inlet into a park centered on the Absecon Lighthouse. The Casino Reinvestment Development Authority board voted Tuesday to let agency personnel enter…

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CNBC HIGHLIGHTS Best Cities to Buy a Vacation Home

According to CNBC Atlantic City is one of the best places to buy a vacation home. Boardwalk Condominiums and beach homes have dropped near in half over the past seven years. New construction has dried up and developers and motivated sellers are making this a great time to buy on the water. 4. Atlantic City, NJ Median Home Price:  $150,000…

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Spring Outlook: Reports From the Field Suggest Better Days Ahead

After working and observing a two long real estate cycles, I have determined this last few month is the true bottom. The proof is the higher then usual volume of low hanging fruit at the bottom. The expert's call this the blowoff and their is normally a five to ten percent bounce off the bottom within the first few months.…

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Newest casino Revel to bring the wow factor to Atlantic City

Posted: Saturday, March 17, 2012 This observer has been watching the developments in Atlantic City since the early days of gambling. I've strolled through many of the casinos on their opening day with play money and anticipation of the newest and largest casino showing off the latest property. The last two properties that fit that bill were Trump's Taj Mahal back…

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Atlantic City Tourism District’s Master Plan to focus on short-term projects

By EMILY PREVITI Press of A.C. Staff Writer ATLANTIC CITY - The city's forthcoming Tourism District Master Plan is expected to focus on the Boardwalk, South Inlet neighborhood and existing business districts along Atlantic and Pacific avenues, consultants said Thursday. Bader Field, however, would not be aggressively targeted for development under the plan. [caption id="attachment_722" align="alignleft" width="240" caption="Casino Reinvestment Devleopment…

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CRDA to pay nearly $800,000 to firm to develop master plan for Atlantic City Tourism District

Posted: Friday, September 30, 2011 By DEREK HARPER Staff Writer Press of Atlantic City ATLANTIC CITY - The Casino Reinvestment Development Authority selected Jones Lang LaSalle Americas Inc., the domestic branch of an international real estate firm, to develop the master plan for the Atlantic City Tourism District during a special meeting Friday. [caption id="attachment_717" align="alignleft" width="300" caption="The Trump Taj…

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John Palmieri takes over Casino Reinvestment Development Authority today

Posted: Monday, October 3, 2011 By EMILY PREVITI, Staff Writer Press of Atlantic City ATLANTIC CITY - The state Casino Reinvestment Development Authority's new executive director starts today, and officials hope increased investment in the resort will soon follow. [caption id="attachment_713" align="alignleft" width="300" caption="On his first day, John Palmieri, of the South Inlet section of Atlantic City, talks about the…

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Trump Entertainment losing presence in Atlantic City as its pieces are sold

Posted: Tuesday September 13, 2011. By DONALD WITTKOWSKI Press of A.C. Staff Writer ATLANTIC CITY — Atlantic City is being de-Trumped. Trump Marina Hotel Casino has been sold off and rebranded as the Golden Nugget Atlantic City. Trump Plaza Hotel and Casino is on the market. The Trump-owned Steel Pier amusement park was unloaded in August for $4.25 million. Trump’s former…

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