bobsims
bobsims
Joined: Apr 8, 2014
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January 29th, 2015 at 11:43:47 AM permalink
Quote: bobsims

Yeah but the property tax is likely 20 grand a year.



I hope that is a joke; bankruptcy will not discharge property taxes.
jerrysnj
jerrysnj
Joined: Jan 8, 2015
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January 29th, 2015 at 4:42:19 PM permalink
Though the one rumor is they want to operate the casino for the new owner of the building known as Revel if the sale actually goes through by the deadline of Feb 7. I can't help believing this is groundwork should gambling expand to the Meadowlands.
7star4now
7star4now
Joined: Jul 8, 2013
  • Threads: 33
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January 29th, 2015 at 5:20:48 PM permalink
Quote: jerrysnj

Though the one rumor is they want to operate the casino for the new owner of the building known as Revel if the sale actually goes through by the deadline of Feb 7. I can't help believing this is groundwork should gambling expand to the Meadowlands.



Good point Jerry.

I kept asking myself "why now?" for Hard Rock, after years of cold feet.

With the State takeover of AC, it could well be "implied" that committed AC casino operators will get 1st dibs on the Holy Grail- the Meadowlands.

Although I would not patronize the Meadowlands over AC myself, I think it will have the potential to rival Vegas in gaming revenues, as AC once did.
Intheknow
Intheknow
Joined: Jan 8, 2015
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  • Posts: 179
January 29th, 2015 at 6:43:40 PM permalink
Quote: bobsims

I hope that is a joke; bankruptcy will not discharge property taxes.



As a taxpayer I'd pay more in taxes just to see the local hogs pensions get cut by 4% in bankruptcy.

I'm going to guess you're not from NJ.
aceofspades
aceofspades
Joined: Apr 4, 2012
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January 29th, 2015 at 7:40:53 PM permalink
Quote: Gandler

I agree, and it would be a shame for such a great facility/location to go to waste. Its prime boardwalk real estate.





Let's play the analogy game:



Prime boardwalk real estate is to AC as: _____________________ is to _____________________.
Baccaratfrom79
Baccaratfrom79
Joined: Jan 12, 2015
  • Threads: 58
  • Posts: 741
January 29th, 2015 at 8:40:52 PM permalink
Quote: aceofspades

Let's play the analogy game:



Prime boardwalk real estate is to AC as: _____________________ is to _____________________.



Central Park West is to Manhattan. Lake Shore Drive is to Chicago. Pacific Coast Highway is to the towns it runs through.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
Doc
Doc
Joined: Feb 27, 2010
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January 29th, 2015 at 8:52:19 PM permalink
A mirage is to an unlit cave?
7star4now
7star4now
Joined: Jul 8, 2013
  • Threads: 33
  • Posts: 782
January 30th, 2015 at 11:04:37 AM permalink
"Seminole Hard Rock Entertainment CEO James Allen told the Associated Press on Thursday that he has had conversations this month with Straub. The AP said no agreement has been reached for Hard Rock to partner with Straub on a purchase, and Allen would not say if Hard Rock was interested in being a co-purchaser of Revel with Straub, or the operator or manager of the facility."

http://www.njbiz.com/article/20150130/NJBIZ01/150139978/Hard-Rock-owners-start-process-that-could-end-with-AC-gaming-license
Intheknow
Intheknow
Joined: Jan 8, 2015
  • Threads: 0
  • Posts: 179
January 30th, 2015 at 2:08:54 PM permalink
Hard Rock will enter AC after City settles out of bankruptcy.

The National labor relations board ordered Taj (Icahn) to re-instate union contracts today (or something to that effect). The Taj will be shuttered within 6 months.
Baccaratfrom79
Baccaratfrom79
Joined: Jan 12, 2015
  • Threads: 58
  • Posts: 741
January 30th, 2015 at 2:32:13 PM permalink
Best thing that could ever happen to AC is that the Seminoles buy it lock, stock and barrel for cash and turn it into a sovereign nation and get rid of everything except the casinos and send everything else over to Camden, Paterson and Passaic, oh yeah a bit to Newark and Jersey City also. Send all the AC and Atlantic County employees to work in the projects in Paterson along I-80.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)

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