Revel Buyer Wants To Turn Casino Into Water ParkFlorida Developer Still Trying To Lower Purchase Price |
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So much for a tower of white geniuses.
Florida developer Glenn Straub has been issued a final ruling by a federal bankruptcy judge to purchase the now-closed Revel Casino in Atlantic City for $95.4 million, and although he is still considering a court order to get the property for a cheaper price, he has hinted at what he intends to do with the property.
Apparently, Straub wants to open a water park on the site. He also intends to offer a high-speed ferry between the the casino and New York City and has not yet ruled out re-opening the casino in some capacity.
That’s a lot different from his early ideas, which included turning Revel into a university. Straub made headlines in September after saying that the ideal student in his proposed campus would be “free, white and over 21.”
Revel Casino shut its doors on Sept. 2 of 2014 after just over two years in operation. It was one of four Atlantic City casinos to close during the year.
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