An ambitious Florida real estate developer has a plan to remake Atlantic City into a family-friendly destination by investing $500 million of his own money.
Tom Corrigan and Craig Karmin report on a high-profile real estate bet by Glenn Straub: "Mr. Straub…recently acquired Revel, the glitzy, 47-story hotel and casino that cost $2.4 billion but went bust last year. He took control of the property for $95.4 million last week after a bankruptcy judge signed off on the sale."
The purchase of Revel is only one piece of Straub's larger vision for the revitalization of Atlantic City, according to the article. "Mr. Straub says Revel is just the beginning. His $500 million plan to turn blighted Atlantic City into a family-friendly destination includes a waterpark, Ferris Wheel, a man-made mountain for skiing and snowboarding and a soccer franchise."
The article goes on to provide more of the backstory, and current story, about Atlantic City's real estate market and planning and branding efforts.
Read the full story: With Hotel Purchase, Investor Aims to Bring Back Atlantic City
Dire Economic Fallout Expected from Atlantic City Casino Closures
Casinos in Atlantic City are closing quickly, costing the local economy 5,700 jobs and leaving the city with four large, empty buildings of a variety that offers little or no precedent for reuse.
Downtown Expressway's Days Are Numbered in Detroit
Detroit will soon join the ranks of cities that have ripped out high-speed freeways from their urban core.
Atlantic City Showing All the Signs of Recovery
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
Chicago voters approve permanent festival grounds, penalty for vacant property owners
Currently, major summer and fall festivals take over public parks for weeks at a time, drawing criticism from nearby residents
NYC votes to cut outdoor dining red tape, speed up permitting
New York City also voted to allow the Department of Transportation to begin work on urgent projects before notifying elected officials.
California appears to reject Prop. 45
The proposition would have expanded the projects that qualify for a streamlined environmental review, effectively paring down the California Environmental Quality Act.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority