Earlier in the day, (August 7th), a report published by New Jersey’s local media outlet Nj.com revealed that Stockton University intends on buying the now-shuttered casino in New Jersey.
As per reported by The Press of Atlantic City, a meeting has been organised for Wednesday, (August 8th) in which the university’s board of trustees would carry out discussions for buying the closed Atlantic Club Casino Hotel.
The Atlantic Club that is all set to open by the end of this month is located near the university’s Atlantic City campus.
Commenting on the matter, Diane D’Amico, University, spokeswoman for Stockton University states that they see the property as part of their earlier commitment of providing support to revitalize the city.
Back in 2014, Florida-based TJM had purchased the Atlantic Club for $13.5 million. However, the real estate agency then went on to demolish the hotel tower but it did indeed keep the parking garage as part of the potential sale.
Additionally, D’Amico claims that the university has been able to pursue its plan of buying the Atlantic Club due to the sale of its Seaview resort for $21.07 million back in the previous week.