Stockton's backup plan: Sell Showboat to Straub

April 4, 2015 2:37 AM

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Stockton's backup plan: Sell Showboat to Straub

Stockton University announced Friday afternoon that it would sell the former Showboat casino property to Florida developer Glenn Straub if it cannot overcome obstacles to create an Atlantic City campus there.

Straub's Polo North Inc. would buy the property for $26 million, which is to be placed in escrow for 90 days.

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