Atlantic City Still Waiting for ‘Buy & Hold’ Blatstein to Succeed


Some, like Mayor Don Guardian, see developer Bart Blatstein as a non-casino savior for Atlantic City. Others, scratch their heads about the value of Blatstein, who heads up Tower Investments and owns a summer home in Margate.

If Blatstein loves Atlantic City so much, why doesn’t he buy a home here?

According to RTForty.com,  developer / vulture investor Blatstein has been criticized for failing to live up to promises such as filling the Playground Pier – the eternally struggling ocean property across from Caesars – with new tenants.


Blatstein also grabbed the Showboat, and Garden Pier for deeply discounted prices.

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RTForty.com: The Pier, across from Caesars, has long struggled to find tenants and the Showboat, although staffed and open, was empty on Friday night.

 

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