Pier at Caesars - foreclosure

[Malloy]

Atlantic City's ritzy Pier Shops defaults, now in foreclosure | Philadelphia Daily News | 09/11/2010

1st Starr bailed....now this? Its a really cool space...I hope it keep chugging on and they get people in there actually spending $$$

[jettore]

When did Starr bail? I didn't read about that and last time down in AC they were open. Still have them listed on his website.

[Malloy]

I was not clear. He bailed out of Teplitskys. The other 2:

Restaurateur Stephen Starr filed a $20 million lawsuit in April against The Pier's developers and landlords, including Taubman, alleging he had been deceived into opening two restaurants there because another well-known restaurateur also was going to open a restaurant and nightclub there. That never happened.

Owner wants out of mortgage on Pier Shops at Caesars, but is willing to manage the property - pressofAtlanticCity.com

[PoopyHead]

Wow! I was just there in August! Of course, the only thing that bought there was some makeup at the MAC Store!

[MzzSpellcheck]

I hope it keep chugging on and they get people in there actually spending $$$

My observation from a visit to AC this summer: people window-shop at the Pier...and spend their money at the Outlets on Michigan Ave.

[mixiboi]

Well this puts a damper in the Vegas East idea.....

[ChiefSalsa]

It was the wrong image for the wrong crowd. They should have kept the pier as it was before it was turned into "high end" stores...a Deptford style mall with a fairly impressive food court.

In many ways, Atlantic City has been its own worst enemy over the past decade.