Stockton seeks new Showboat buyer; says Straub not serious
Stockton University says developer Glenn Straub isn’t serious about buying Atlantic City’s former Showboat casino, and the institution will seek a new buyer for it.
Stockton President Harvey Kesselman says it will actively seek other buyers for the property, which it had hoped to turn into a satellite college campus.
It bought the shuttered casino for $18 million in December from Caesars Entertainment.
Conflicting legal restrictions over how the property can be used have thus far prevented Stockton from converting the Showboat into classroom space.
Straub’s $26 million deal to purchase Showboat from Stockton had to close by 1 p.m. Thursday.
On Wednesday, he sued the university, seeking to extend the closing deadline while the legal restrictions are decided in bankruptcy court.
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.
Cooper Hospital seeks to train a new generation of compassionate caregivers
Hospital officials hope to create a blueprint for compassionate care that can ultimately be replicated nationwide.
4 hours ago
Trump tells Wildwood crowd he’s being forced to endure ‘Biden show trial’ in hush money case
Trump’s extraordinary legal woes, which include three other unrelated criminal cases, have emerged as a central issue in the campaign.
22 hours ago
Kensington Derby, Mother’s Day concerts, Neil Young and more in this week’s ‘Things To Do’
May 9–12: Mother’s Day gospel concert in Philly, Neil Young in N.J. and “Little Women: The Musical” in Delaware are among the weekend’s highlights.
3 days ago
Listen 5:34