SOLD: PHILLY’S TWO MAJOR PAPERS SOLD AGAIN

The two major newspapers in Philadelphia have been sold again. The Philadelphia Inquirer and the Philadelphia Daily News have both been sold to three businessmen for the price tag of $55 million. Among the group of businessmen buying the newspapers…South Jersey democratic power broker George Norcross. Norcross stated today that he wants to buy the…

AVALON APPROVES NEW WATER IRRIGATION ORDINANCE

Some new water irrigation regulations are now on the books in the Borough of Avalon. Council there has approved new regulations that will help the Borough comply with the water allocation permit established by the New Jersey Department of Environmental Protection. The new regulations require that all new or retrofitted irrigation control systems must utilize…

NEW REVEL CASINO OPEN FOR BUSINESS

The new 2.4 billion Revel casino officially opens Monday in Atlantic City, with a champagne toast at dawn. According to Standard and Poor’s, Revel will be “vulnerable” with their $1.1 billion debt load if it’s business plan falls short. Since cash flow numbers are affected by many factors, Revel’s Chief Investment Officer, Michael Garrity, assured…