\nBy REUBEN KRAMER, Staff Writer<\/p>\n
\tIs Glenn Straub, the rebuffed runner-up bidder on Revel Casino Hotel, still eager to invest in Atlantic City? \u201cOh, hell yeah,\u201d the real estate developer said Wednesday by phone.<\/p>\n
\tStraub said he\u2019s been flying to Atlantic City twice a week since early October, when a federal judge ruled Brookfield US Holdings could buy the bankrupt beachfront property for $110 million.<\/p>\n
\tStraub, whose $95.4 million offer for Revel was declared a back-up bid, is appealing the ruling and still wants the shimmering glass estate, which cost $2.4 billion to build.
\n\tMeanwhile, \u201cWe\u2019re proceeding with making offers\u201d elsewhere in the area, he said Wednesday. He declined to discuss whether those offers involve the three other casino-hotels sitting fallow on the Boardwalk.<\/p>\n
\tDozens of properties are for sale in and around Atlantic City, he said. \u201cWe need maybe 10 of them.\u201d<\/p>\n
\tThe scrappy polo fanatic made headlines when he spoke of building a second tower at Revel and colonizing it with geniuses to solve pressing global problems, such as nuclear waste disposal. Talk of \u201chigh-speed catamarans,\u201d elevator-equipped artificial mountains and \u201csuper jumbo jets\u201d for Arabian tourists in Atlantic City drew more attention in September.<\/p>\n
\tBut whether you consider him a visionary or a fantasist, Straub apparently has the wherewithal to make big things happen here. His company\u2019s $90 million cash offer became the opening bid of a bitterly contested bankruptcy auction for Revel.<\/p>\n
\tStraub said Wednesday that he wants to run a roughly 250-acre complex for equestrian and extreme sports in or just outside Atlantic City.<\/p>\n
\tHe said his crew hopes to transform the city into a resort visitors enjoy year-round, \u201cas opposed to four months a year, which is crazy.\u201d
\n\t\u201cIt will be a nice little hobby for us to put 10 years of our life into.\u201d<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
By REUBEN KRAMER, Staff Writer Is Glenn Straub, the rebuffed runner-up bidder on Revel Casino Hotel, still eager to invest in Atlantic City? \u201cOh, hell yeah,\u201d the real estate developer said Wednesday by phone. Straub said he\u2019s been flying to…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8264","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8264"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8264\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}