Glenn Straub Rebrands and Reopens Former Revel Casino by Mid-June
At a recent meeting with architecture students from Columbia University, Florida property designer Glenn Straub offered $10,000 to your person who suggests the best option title for the former Revel Atlantic City hotel and casino complex.
Mr. Straub bought the home year that is last after group of different hurdles that prevented him from reopening it, he now hopes to start resort rooms and tourist attractions towards the center of June. Nonetheless, the casino won’t be relaunched any time soon. Reportedly, Mr. Straub would lease the gambling procedure to some other business.
Revel exposed doorways back 2012. However, the $2-billion hotel and casino resort never became a lucrative endeavor and was shuttered in 2014. In reality, it was one of four such properties to shut doorways in Atlantic City through that year that is same.
Since September 2014, the tower that is glass-faced on the Atlantic City waterfront is not operational. This past year, Mr. Straub and their company Polo North purchased the place for the total quantity of $82 million.
The Florida genuine estate developer planned to reopen at part that is least of the property this past year but serious disputes aided by the power plant that provided Revel with electricity avoided him from materializing their plans. The dispute took months to eventually be solved and, Mr. Straub and ACR Energy Partners reached an agreement, under the regards to that the businessman would buy the provider. (more…)