Florida Developer Details $500 Million Plan for Atlantic City

April 6, 2015 11:18 PM

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Florida Developer Details $500 Million Plan for Atlantic City

The developer recently approved to buy Atlantic City, N.J.’s Revel Casino Hotel out of bankruptcy has released more details on his $500 million plan to revitalize the seaside town, which has faced precipitous declines in tourism and gambling revenue since 2006.

In a statement released Friday, Florida-based developer Glenn Straub said his eight-part “Phoenix Project” aims to transform Atlantic City with a host of amenities targeting affluent tourists, sports enthusiasts, families and even retirees.

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