Revel casino ac !!! Yeah baby

Discussion in 'NJ Shore Points' started by Gio7707, Apr 10, 2012.

  1. seand

    seand Well-Known Member

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    The contractor that built the power plant for it has liens against it and the commercial tennants want payment for their broken leases, as I understand it.
     
  2. zeolite

    zeolite Banned

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    I'd need to edit my first, instead going with Experience IrRevelance at the Revel, where your stay, while appreciated, is decidedly irrelevant.
     
  3. Jayfar

    Jayfar I'm very old®

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    Glenn Straub poised to buy Revel in Atlantic City | Philadelphia Inquirer

     
  4. Jayfar

    Jayfar I'm very old®

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    UPDATE: City to begin fining Straub; Power shut off to $2.4 billion former Revel Casino | philadelphia Inquirer

     
  5. Baloo

    Baloo Proud Roman Catholic

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    Is the energy deal really that bad to have Straub just let the plug get pulled on the building?
     
  6. Politburo

    Politburo Well-Known Member

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    All the economics of the contract would have been based on a casino's usage.. so my guess is yes. It probably makes more sense to bring in the generators (probably will grid tie also) for the 1-2 years it's going to take to repurpose and then renegotiate with the plant.
     
  7. eldondre

    eldondre Well-Known Member

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  8. mixiboi

    mixiboi Philly Remixed

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  9. Jayfar

    Jayfar I'm very old®

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    Straub says deal forged for sale of ACR power plant | Pressofatlanticcity.com

    APNewsBreak: Straub to buy Revel power plant, end litigation | Philly.com

     
  10. Jayfar

    Jayfar I'm very old®

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    Revel 2.0: Is Atlantic City trying to condemn failed casino for powerful developer? | Philadelphia Inquirer

     
  11. Jayfar

    Jayfar I'm very old®

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  12. Jayfar

    Jayfar I'm very old®

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    Days before 'soft launch,' no frenzy to open Revel | Philly.com
     
  13. Jayfar

    Jayfar I'm very old®

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    APNewsBreak: Revel owner balks at getting casino license
     
  14. mixiboi

    mixiboi Philly Remixed

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    Power hungry Jersey going to ruin this
     
  15. SSN101

    SSN101 I am Al Lord

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  16. Jayfar

    Jayfar I'm very old®

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  17. SSN101

    SSN101 I am Al Lord

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    RESURRECTION BABY !!

    [​IMG]
     
  18. Jayfar

    Jayfar I'm very old®

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  19. Jayfar

    Jayfar I'm very old®

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    The buyer is the one cited in the previous post, back in October.

    AC's failed Revel casino resort sold to developer with Vegas roots | Philly.com

    Las Vegas property veteran Bruce Deifik has acquired the Revel casino in Atlantic City, beginning a new chapter for what’s been one of the region’s most notorious real estate debacles of recent years and, perhaps, for the South Jersey Shore resort town itself.

    Deifik said in an interview with the Inquirer that he closed on the failed 47-story, 900-guest-room casino resort last week, declining to provide further details ahead of an official announcement planned for later Monday.

    Deifik’s group, ACOWRE LLC, paid $200 million for the casino parcel and three related properties, seller Glenn Straub of Wellington, Fla., said in a news release. Straub’s company Polo North Country Club Inc. retained ownership of dozens of other Atlantic City properties, he said.

    The new owner plans to reopen the property this summer, Straub said. Moody’s Investors Service said in a research note last month tied to Deifik’s plan borrow some $255 million to put toward acquisition and renovation costs that his group plans to spend another $175 million to ready the property for guests.

    [snip]
     
  20. SSN101

    SSN101 I am Al Lord

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    YESSSSS BABY ....
     
  21. Jayfar

    Jayfar I'm very old®

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  22. Phillyurban8

    Phillyurban8 Well-Known Member

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    I hope they can make a go of it. One of the biggest issues IMO was that the gaming floor was a few stories above the boardwalk. Not exactly easily accessible. The one aspect of the casino that was a success was the dance club, which surprise, surprise was directly on the boardwalk.
     
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  23. SSN101

    SSN101 I am Al Lord

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    yesss baby ...it's back ..Ocean club...my spirits never die ..
     

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