🖐 Deal for Stockton to buy empty Atlantic Club property falls through

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8 meeting, the board of trustees unanimously voted in favor of buying the former casino. The approval gives Stockton President Harvey.


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Stockton University Approves Atlantic Club Purchase, Demolition Expected
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Stockton University deal to buy Atlantic City NJ casino is dead
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Stockton Acting President Discusses Showboat Purchase Mistake

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opening of Stockton University's new campus in Atlantic City, the college approved the purchase of the nearby former Atlantic Club casino for.


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Report on Stockton University's Ill-Fated Purchase of The Showboat Casino Released
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Stockton University is eyeing a purchase of a now-shuttered casino in New Jersey.


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Stockton University Green-Lights Purchase Of Former Atlantic City Casino Site

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The Richard Stockton College of New Jersey already has roots in Atlantic City, and the purchase of a beach-front casino could do wonders for.


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Stockton University president Harvey Kesselman at the school's new campus on So instead of converting a defunct casino into a college, Stockton looked It didn't buy the property on its own this time, but joined a nonprofit.


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A highly-touted deal for Stockton University to expand its new Atlantic City campus by purchasing the nearby former Atlantic Club casino.


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The university would also create the Stockton Center to house existing the bankrupt Revel casino, quietly made a deal to rescue Stockton by.


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The Richard Stockton College of New Jersey already has roots in Atlantic City, and the purchase of a beach-front casino could do wonders for.


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The Stockton University board of trustees voted unanimously in support of purchasing the shuttered Atlantic Club in Atlantic City on.


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The university would also create the Stockton Center to house existing the bankrupt Revel casino, quietly made a deal to rescue Stockton by.


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Stockton University unveils new Atlantic City campus

But Stockton wanted the parking garage and the land; the casino and hotel buildings would have been razed. Petersburg, Florida, pronounced the deal dead Thursday. 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. 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. Thus began an odyssey of solicitations, sales, and sighs as deal after deal fell apart. But when financing dried up, so too did the water park plan, and the Atlantic Club went back on the market. This Jan.{/INSERTKEYS}{/PARAGRAPH} The Atlantic Club closed on Jan. No purchase price was ever revealed. {PARAGRAPH}{INSERTKEYS}The latest involved a bid by Stockton University to buy the casino property as part of its 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. In Dec. It was jointly bought by Tropicana Entertainment and Caesars Entertainment, with Caesars maintaining control of the buildings and property. The company specializes in senior citizen and multi-unit housing. TJM Properties of St. But the deal fell through within a year. 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. The Showboat casino closed on Aug. This is our future and we will continue to try to make the best investments we can there.