ATLANTIC CITY, N.J. (CBSNewYork/AP) – A Florida developer buying Atlantic City’s former Revel Casino out of bankruptcy plans to open a water park there.
Glenn Straub told reporters during a break in a court hearing Thursday he plans high-speed ferry service between the site and New York City.
Still unclear is whether Straub plans any gambling use at the site.
A judge entered a final order awarding Revel to Straub for $95.4 million, but he has threatened court action to halt that sale if a lower price cannot be approved.
It was not immediately clear whether he still plans to seek a stay of the sale. His lawyer did not immediately return a call seeking comment.
Revel closed Sept. 2 after little more than two years of operation, never having turned a profit.
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