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Good news from Atlantic City

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Nemours opens pediatric facility in Cherry Hill

By Vince Calio
June 19, 2018 02:22 PM

Nemours Children’s Health System is replacing its facility in Voorhees with a 10,000-square-foot facility in Cherry Hill under the name Nemours DuPont Pediatrics. CONTINUE READING

Princeton multifamily completes rooftop solar system

By Elana Knopp
June 19, 2018 07:22 AM

AvalonBay multifamily real estate investment trust announced Monday that Avalon Princeton in Princeton is the first community in its New Jersey portfolio to complete a rooftop photovoltaic installation and to achieve LEED for Homes Gold certification. CONTINUE READING

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Denholtz completes leases at Bernardsville office property

By Elana Knopp
June 19, 2018 11:58 AM

Denholtz Associates has leased out six office spaces totaling 16,814 square feet at the firm’s newly renovated Class A office building in Bernardsville. CONTINUE READING

Stro acquires Lodi retail property

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June 19, 2018 07:27 AM

The Stro Cos. has acquired a 26,500-square-foot retail building in Lodi. CONTINUE READING

Report: Homes sold quickly in May

By Elana Knopp
June 18, 2018 08:03 AM

CONTINUE READING

Cushman & Wakefield tapped as leasing agent for Logan industrial

By Elana Knopp
June 18, 2018 07:53 AM

F. Greek Development and partner Advance Realty have named Cushman & Wakefield leasing agent for the newly rebranded Logan North Industrial Park in Logan Township. CONTINUE READING

Clarus Maplewood named best mixed-use

By Elana Knopp
June 18, 2018 12:54 PM

Clarus Maplewood has been named the best mixed-use community of 2018 by the Metropolitan Builders & Contractors Association of New Jersey, one of four awards earned by the rental project. CONTINUE READING

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It’s been a crazy couple of days, meaning I haven’t been able to write about the good news out of Atlantic City — namely, that gaming revenue jumped 12.6 percent over August 2011, the first increase since December.

But, like almost all the good news out of Atlantic City, the closer you look at this flower, the less you see petals and the more you see thorns.

August 2011 is notable in Atlantic City for two reasons — Revel wasn’t open, meaning there were only 11 casinos making up the total revenue, and Hurricane Irene, which forced the casinos to close for three days as the governor told visitors to “get the hell off the beach.”

Revel, since we’re on that one, remains stubbornly stuck in eighth place among the casinos, though its numbers have improved substantially since it opened. Is there a prize for rolling an 8 five times in a row? And the loss of a prime weekend last year was trotted out as the reason the city’s numbers were off, yet it’s the only reason there was an uptick this time around.

There’s also the good news that the Margaritaville project, which has replaced Revel as the city’s savior, got a key environmental approval out of the way for the beachfront bar and restaurant. The Jimmy Buffett brand will be a measurable help to the city during the warmer months, but will it draw in tourists in February?

The city still needs help to become a year-round destination, and whether Revel even lives long enough to see in the new summer is becoming a legitimate question. Atlantic City remains desperate for an old guy to save it, and given the timing, it won’t be Buffett or Revel CEO Kevin DeSanctis — it’ll be Santa Claus.

I’m even more irreverent on Twitter @joe_arney.

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Good news from Atlantic City

By

Back to Top Comments Email Print

Latest News

advertisement

It’s been a crazy couple of days, meaning I haven’t been able to write about the good news out of Atlantic City — namely, that gaming revenue jumped 12.6 percent over August 2011, the first increase since December.

But, like almost all the good news out of Atlantic City, the closer you look at this flower, the less you see petals and the more you see thorns.

August 2011 is notable in Atlantic City for two reasons — Revel wasn’t open, meaning there were only 11 casinos making up the total revenue, and Hurricane Irene, which forced the casinos to close for three days as the governor told visitors to “get the hell off the beach.”

Revel, since we’re on that one, remains stubbornly stuck in eighth place among the casinos, though its numbers have improved substantially since it opened. Is there a prize for rolling an 8 five times in a row? And the loss of a prime weekend last year was trotted out as the reason the city’s numbers were off, yet it’s the only reason there was an uptick this time around.

There’s also the good news that the Margaritaville project, which has replaced Revel as the city’s savior, got a key environmental approval out of the way for the beachfront bar and restaurant. The Jimmy Buffett brand will be a measurable help to the city during the warmer months, but will it draw in tourists in February?

The city still needs help to become a year-round destination, and whether Revel even lives long enough to see in the new summer is becoming a legitimate question. Atlantic City remains desperate for an old guy to save it, and given the timing, it won’t be Buffett or Revel CEO Kevin DeSanctis — it’ll be Santa Claus.

I’m even more irreverent on Twitter @joe_arney.

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