Los Angeles developer wants ex-Revel casino
A Los Angeles developer involved in numerous downtown projects there has made an 11th hour bid to buy Atlantic City’s former Revel Casino Hotel.
Izek Shomov has submitted a letter of interest to Revel AC offering to buy the casino for $80 million.
A bankruptcy court judge is due to rule Wednesday on a proposed sale of Revel to Florida developer Glenn Straub for $82 million.
Shomov’s offer was first reported by The Philadelphia Inquirer.
His partner told the newspaper he supports letting business tenants at Revel continue to operate in a re-opened casino.
Their opposition has been a key obstacle to two previous sales that fell through.
Revel, which cost $2.4 billion to build, closed in September after little more than two years of operation.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
Urban wildlife – from coyotes to bats, Bakari Sellers ‘The Momentum’, Daniel’s Law
It’s getting wild. We talk about urban wildlife – from encounters with coyotes to bats who need our help
Air Date: April 25, 2024 12:00 pm
Wildfire burning in Wharton State Forest between Camden and Burlington counties in New Jersey
Crews are on the scene of a wildfire burning in New Jersey's Wharton State Forest.
15 hours ago
New Jersey is motivating telecommuters to appeal their New York tax bills. Connecticut may be next
New Jersey is now offering a state tax credit to residents who work from home and successfully appeal their New York tax assessment.
18 hours ago