{"id":3869,"date":"2018-08-08T15:06:12","date_gmt":"2018-08-08T15:06:12","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=3869"},"modified":"2018-08-08T15:06:12","modified_gmt":"2018-08-08T15:06:12","slug":"stockton-university-set-to-purchase-closed-atlantic-city-casino","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/stockton-university-set-to-purchase-closed-atlantic-city-casino\/","title":{"rendered":"Stockton University Set To Purchase Closed Atlantic City Casino"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/wp-content\/uploads\/2017\/03\/atlantic-club-casino-hotel.jpg\" alt=\"\" width=\"300\" class=\"alignleft size-full wp-image-1855\" \/>Opening a branch campus and new dormitory in Atlantic City isn&#8217;t all that <strong>Stockton University<\/strong> has on their agenda. It appears that they are very near to closing a deal that would see them snap up one of the Boardwalk\u2019s last vacant casino properties.<\/p>\n<p>The <a href=\"https:\/\/www.top10casinowebsites.net\/news\/atlantic-club-to-be-redeveloped-into-an-indoor-water-park\/\">Atlantic Club<\/a> closed its doors in January 2014 which is around the same time that <strong>Showboat, Revel, Trump Plaza, and the Trump Taj Mahal<\/strong> also closed their doors in Atlantic City. The university\u2019s board of trustees will consider the proposed purchase when they meet on Wednesday. <\/p>\n<p><strong>TJM Properties<\/strong>, who presently own the property would be required to demolish the main tower building which has fallen into a state of disrepair over the past few years. If the purchase is successful, the Trump Plaza building would be the last vacant property on the Boardwalk. <\/p>\n<p>This is a pleasant turnaround from a difficult period that recently had 5 casino properties sitting vacant. Trump Plaza is now considered a tear-down property after being vacant for nearly 4 years. Billionaire Carl Icahn is the current owner and he is seeking public funds to demolish it.<\/p>\n<p>After the Showboat closed their doors, <strong>Bart Blatstein<\/strong> purchased it and it is now operating as a hotel which recently hosted a number of gatherings. The Trump Taj Mahal re-opened this summer under the Hard Rock name and the <a href=\"https:\/\/www.top10casinowebsites.net\/news\/ocean-resort-casino-in-atlantic-city-to-open-next-month\/\">Revel is now Ocean Resort Casino<\/a>. It\u2019s taken a few years and a lot of money but the Boardwalk seems to have recovered nicely.<\/p>\n<h2>Stockton University Needs More Housing<\/h2>\n<p>Stockton University president <strong>Harvey Kesselman<\/strong> revealed that they would like to see the Atlantic Club property turned into a nine-level parking garage that boasts 50,000 square feet of office space. The area where the badly deteriorated tower currently sits could be used for housing after it is razed. <a href=\"https:\/\/www.top10casinowebsites.net\/news\/stockton-university-to-look-for-a-new-showboat-casino-buyer\/\">Stockton University has previously sold Showboat Casino<\/a> which it bought in 1994, recently the Seaview Resort was sold which was used to house around 250 students as well as being a base for the university\u2019s hospitality classes. The $21 million that was generated from that sale will go a long way toward making the Atlantic Club purchase a reality.<\/p>\n<p>Stockton spokesperson <strong>Diane D\u2019Amico<\/strong> said that the university is in dire need of housing and that they are at close to 98% capacity in Atlantic City. If the university is going to grow then the Atlantic Club property is in a great location as it is close to the campus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opening a branch campus and new dormitory in Atlantic City isn&#8217;t all that Stockton University has on their agenda. It appears that they are very near to closing a deal that would see them snap up one of the Boardwalk\u2019s last vacant casino properties. The Atlantic Club closed its doors in January 2014 which is [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3869","post","type-post","status-publish","format-standard","hentry","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stockton University Set To Purchase Closed Atlantic City Casino<\/title>\n<meta name=\"description\" content=\"Stockton University seem to be closing a deal that would see them snap up one of the Boardwalk\u2019s last vacant casino properties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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