Losing bidder seeks new Revel auction
The Florida developer who came up short in a bankruptcy court auction for the former Revel casino in Atlantic City wants the judge to invalidate the result and hold a new sale.Glenn Straub filed court papers Monday asking for a new auction, alleging the process was improper and unfair to him.
Revel’s attorneys selected Toronto-based Brookfield Asset Management’s $110 million bid for the casino resort, which cost $2.4 billion to build.
Straub complained about the all-night bidding session, which he said placed him in jeopardy from an undisclosed medical condition for which he had not brought his medicine to New York from Florida.
He called it “a life-and-death situation.”
A bankruptcy court judge in Camden is expected to rule Tuesday on whether the sale to Brookfield should be approved.
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.
AccuWeather: Winter storm arrives Sunday to the Philadelphia region
For those traveling to the Eagles game, you'll want to dress warmly as snow is likely for the entirety of the game.
10 hours ago
New Jersey attorney general among those who say they’ll defend gun regulations in Trump’s 2nd term
New Jersey Democratic Attorney General Matt Platkin said his state and others with Democratic attorneys general, plan to intervene in cases already in the court system.
1 day ago
N.J. Gov. Murphy calls for statewide ban on cell phones in school
Cell phones are currently banned in Cherry Hill schools.
2 days ago