The former Revel Casino has new owners. Brookfield Property Partners purchased the property at auction for $110 million. The casino was originally built for $2.4 billion. The man who put in the initial bid of $90 million, Glenn Straub, will get $3 million for losing out in the bidding process. Brookfield owns casino properties in…
The Board of Public Utilities approved a rate increase for South Jersey Gas on Tuesday. The new rate will cause the average gas bill to rise by $8.44 per month. A spokesperson for the utility said the increase was needed due to unusually high natural gas demand and prices in the Northeast during the past…
Northfield residents approved essential repairs and upgrades to the Northfield Community School that would cost almost $7.4million. Interim Superintendent Robert Garguilo told NBC 40 that the measure passed and repairs to the roof and HVAC systems can begin. The district has received nearly $3 million in state funding for the project that also includes improvements in security, by…
The auction for the bankrupt Revel Casino-Hotel property ran late into the night on Tuesday, with multiple bids entered on the property. The opening bid of $90 million, offered by Florida developer Glenn Straub, was eclipsed by a subsidiary of Brookfield Asset Management. NBC10 reports that the company owns the Hard Rock Hotel/Casino in Las…
A multi-alarm fire struck several businesses and apartments Tuesday night in Atlantic City, leaving seventeen people displaced. Fire officials say the fire broke out just after 10 p.m. in the AC Alterations business on the 1100 block of Atlantic City. Everyone escaped safely, even though the roof of one of the buildings collapsed. High wind…
A 17 year old student at Absegami High School has been arrested and charged with making two bomb threats at the school last week. The Gazette Leader reports that the male student was charged with two counts of making terroristic threats, two counts of causing a false public alarm, and other offenses. He has been…
Middle Township law enforcement officials have unveiled a new plan to help battle the heroin problem in the community. Officials held a press conference Tuesday afternoon and talked about a new plan that will allow Cape Assist to provide a trained drug counselor in court every thursday. Advocates will also be able to help with…
Additional information was released this week regarding that $12.2 million in federal funding that will allow Wildwood to hire five additional police officers. Federal officials say nine cities in the state, including Wildwood, one one county will divide the funding to add new officers. Wildwood received the seventh largest influx of cash of the government…
For the fifth time, there is a delay in the deadline for companies who want to submit a plan to the state to privatize toll collections on the Garden State Parkway and New Jersey Turnpike. On Tuesday a fifth delay was announced, now the new deadline is November 12th. Contractors have until then to submit…
A girl who was allegedly punched in the face over the weekend by Millville High School football star Rob Ennis has also been charged in connection with the incident. The South Jersey Times reports that the girl has been charged with simple assault in connection with the incident that took place during the Miss Holly…