BADER FIELD TO BE SOLD AT AUCTION IN JUNE

One of Atlantic City’s assets will be sold at auction to help pay down the city’s debts. The Press of Atlantic City reports that at Wednesday night’s meeting, City Council voted 5-4 to put Bader Field on the auction block for a minimum bid of $155 million and put the money towards the city’s reported debt of $437 million. The city’s former airport will be sold at an auction along with other city properties on June 17th. Council did not have enough votes to dissolve the Municipal Utilities Authority and make it a department within the city. Glen Straub, former Revel owner, was at the meeting and expressed interest in buying and developing Bader Field.