Boardwalk property expected to be sold in Atlantic CIty - NBC40.net

Boardwalk property expected to be sold in Atlantic CIty

Posted: Updated:
ATLANTIC CITY -

A boardwalk front property in Atlantic City looks to be off the market soon.

According to an article in the Wall Street Journal, Pinnacle Entertainment has a deal for the 19 acres of Atlantic City land it bought for $270 million dollars in 2006.  The article states that the actual purchase price is unknown, but sources indicate it's close to $35 million dollars.

The lot, which is currently the location of a public art works project, is where the Sands Casino Hotel once stood before Pinnacle tore it down in 2007 in order to build a new casino, but plans fell apart.

Though Pinnacle wouldn't comment on the pending sale, executives said that the company expected to complete a deal early in the first quarter during a conference call last month.

Most Popular

Stories
Videos
loading...
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WMGM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.