Revel casino ac !!! Yeah baby

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

  1. seand

    seand Well-Known Member

    Joined:
    Nov 26, 2008
    Messages:
    12,955
    Likes Received:
    1
    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

    Joined:
    Apr 7, 2013
    Messages:
    2,932
    Likes Received:
    1
    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®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
    Glenn Straub poised to buy Revel in Atlantic City | Philadelphia Inquirer

     
  4. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
    UPDATE: City to begin fining Straub; Power shut off to $2.4 billion former Revel Casino | philadelphia Inquirer

     
  5. Baloo

    Baloo Proud Roman Catholic

    Joined:
    Mar 3, 2011
    Messages:
    616
    Likes Received:
    34
    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

    Joined:
    Apr 6, 2010
    Messages:
    2,821
    Likes Received:
    109
    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

    Joined:
    Oct 30, 2008
    Messages:
    22,905
    Likes Received:
    340
  8. mixiboi

    mixiboi Philly Remixed

    Joined:
    Jan 1, 2009
    Messages:
    12,654
    Likes Received:
    311
  9. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
    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®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
    Revel 2.0: Is Atlantic City trying to condemn failed casino for powerful developer? | Philadelphia Inquirer

     
  11. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
  12. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
    Days before 'soft launch,' no frenzy to open Revel | Philly.com
     
  13. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
    APNewsBreak: Revel owner balks at getting casino license
     
  14. mixiboi

    mixiboi Philly Remixed

    Joined:
    Jan 1, 2009
    Messages:
    12,654
    Likes Received:
    311
    Power hungry Jersey going to ruin this
     
  15. SSN101

    SSN101 I am Al Lord

    Joined:
    Nov 19, 2015
    Messages:
    16
    Likes Received:
    0
  16. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
  17. SSN101

    SSN101 I am Al Lord

    Joined:
    Nov 19, 2015
    Messages:
    16
    Likes Received:
    0
    RESURRECTION BABY !!

    [​IMG]
     
  18. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
  19. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    8,929
    Likes Received:
    788
    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

    Joined:
    Nov 19, 2015
    Messages:
    16
    Likes Received:
    0
    YESSSSS BABY ....
     

Share This Page