Real Estate

Will Needle Exchanges, Rehabs & Drug Crime Hurt Tennessee Ave Project in Atlantic City?

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Actual crime, or just the perception of crime will hold back even the best laid plans for the Atlantic City Tourism District. The promising Tennessee Ave project is one such non-casino tourist attraction with ample potential for success. Except for that pesky, drug & crime infested neighborhood right next door. Can Tennessee Ave developers help […]

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CRDA Board Meeting Video June 20, 2017

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VIDEO > The CRDA discussed the Hard Rock & Sister Jean’s Soup Kitchen. Plans are underway to move Sister Jean’s soup kitchen out of the tourism district and into new / better facilities. WATCH VIDEO BELOW > The CRDA; Casino Reinvestment Development Authority, viewed a brief presentation by The Hard Rock Casino, as they look

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

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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

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Boardwalk Committee Meeting Notes – April 12, 2017 

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Each month, the Boardwalk Committee meets inside Boardwalk Hall. It’s open to the public. Here are notes from the April 12, 2017 meeting. Boardwalk Hall: Committee chairman Tom Lamaine welcomed Boardwalk Hall’s new General Manager Jim Wynkoop. Ribbon-cutting for new Miss America Organization office space, inside Boardwalk Hall, scheduled for May 10 Tentative opening ceremonies for

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CRDA OK’s Updated Tourism District Master Plan in Atlantic City

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Will the new Tourism District  Master Plan help attract business & development to Atlantic City? That’s the hope as the CRDA, Casino Reinvestment Development Authority, just ok’d a refreshed master plan. Why an updated master plan? First off, it’s common to do this at least once, every 10 years. Secondly, Atlantic City and the CRDA have

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Mixed Interest in Recent Atlantic City Property Auction. Minor Bidding War.

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Six stories of Atlantic City blight up for auction. Yawn. A buddy bidding war for other properties down the block. Go figure. Yet another Atlantic City real estate auction took place on March 9. Out of 100 attendees, about half were registered to bid. Only a few walked away with property their won for just

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Stockton Wants Bader, Stadium & Rink for Atlantic City Expansion?

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Will Stockton University expand it’s Atlantic City footprint? Bader Field might be in their sights. We like that idea. But does the State of New Jersey? If Stockton University were to acquire parts of Bader Field, it would fit nicely with their new campus, under construction and scheduled to open in the Fall of 018.

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Re-Invention of Atlantic City: Tennessee Ave Makeover

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Can Atlantic City re-invent a once proud and prosperous Tennessee Ave?  Situated smack dab in the heart of downtown, Tennessee Ave. is a perfect parcel just off the Boardwalk. 81% of AC visitors walk by this block each day. Sadly, Tennessee Ave. features some of the least valuable beach block property in Atlantic City. After

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Concrete Plays Major Role in Atlantic City Boardwalk Project

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SEE PICS > You might think that wood makes up the majority of a new, elongated Atlantic City Boardwalk. Nope.  Steel, jetty rock and plenty of concrete from Penn Jersey Building Materials in Egg Harbor Township all play a major role in re-building our iconic wooden way. A major portion of the new Atlantic City

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CRDA Scorecard. The Good, Bad & Ugly for Atlantic City.

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Atlantic City casinos pay a 1.25 percent tax (IAT) on gambling revenue to finance projects that the CRDA deems economically and socially worthwhile. Since 2011, the IAT, Investment Alternative Tax , was tweaked to primarily assist AC projects. No longer would these casino taxes be used for myriad projects thru-out the state of NJ. CRDA Mission –

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