Florida developer; Glenn Straub, received a final court order today approving his $95.4 million purchase of Revel. Plans say that he will build a huge indoor/outdoor water park and run high-speed ferries from Manhattan. Straub boasts that this will be the world’s biggest water park.
Revel closed Sept. 2 after just two years of operation.
‘Family-friendly amenities with some gambling action’ says Straub. This $108 million water park would be inside / outside to create a year-round attraction. Architectural renderings for the project are already in the works. Straub says it’s critical for Atlantic City to add more year-round attractions, and become a more diversified tourist destination.
In other casino news…..
A PA real estate company that specializes in residential projects has agreed to buy the shuttered Atlantic Club Casino Hotel.
Atlantic Club is under a deed restriction barring it from being used as a casino again. Atlantic Club’s 800-room hotel tower could be used as a residential complex.
Atlantic Club joins Showboat & Revel as former casinos reborn for another use. Stockton recently bought the Showboat for $18 million and will re-purpose it into an Atlantic City campus. The college also plans to run a hotel.