Bank says Revel owner owes $1M in unpaid electricity bills

A bank says the owner of Atlantic City’s former Revel casino owes $1 million in unpaid electricity bills.

Bank of New York Mellon wants a federal judge to order Glenn Straub’s Polo North Country Club to pay those bills, and put up a $2 million letter of credit.

The casino closed Sept. 2, 2014.

Straub has been trying to reopen the $2.4 billion property since buying it for $82 million from bankruptcy court in April.

But he has been unable to agree on a contract with the building’s sole supplier of power and water, which cut off service.

The state then ordered ACR Energy Partners to provide enough electricity to keep fire safety systems powered.

Straub’s lawyer says he’ll pay once ACR shows how much electricity Polo North used.

Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

Help us get to 100% of our membership goal to support the reporters covering our region, the producers bringing you great local programs and the educators who teach all our children.