Wells Fargo offers $300K to get Revel fire systems back online
The former lender to Atlantic City’s Revel casino is offering $300,000 to get electricity turned back on at the complex.
Wells Fargo acknowledges it no longer has anything to do with the building, which was bought on April 7 by Florida developer Glenn Straub.
But the company is offering to pay for two weeks of electrical service from proceeds of the $82 million sale to prevent a possible catastrophe if the 47-story building catches fire.
The fire department says battling a blaze there without water or electricity to get firefighters to upper floors would be nearly impossible.
Atlantic City is fining Straub $5,000 for each day the fire systems are not working.
ACR Energy cut off service on April 9, lacking a contract with Straub.
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