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time will tell - AC is an odd animal these days - yet a few miles south in Ocean City this past weekend there are a plethora of million dollar homes going up like gangbusters
I really hope for good things in AC - routing for it
Sadly these slots parlors everywhere really hurt AC
plus the Revel is quirky - the Borgata still does gangbusters (so-to-speak) and the Revel never felt right (feels like the ski mall at the meadowlands, just not quite right)
maybe the Northern end of AC will get redeveloped sometime - great beach to build on
Revel is quirky because it failed to follow business school 101, know your customer.
The Revel's business model focused too much on luxury and marketing an image brand at the expense of who are the main customers for casinos; gamblers.
Not only didn't Revel's model court day trippers and weekenders that come down by car or busload, it also seemed to go out of its way to tick off gamblers that did make the journey. No buffet, having to trek across hither and yonder to get to the gambling, who needs that nonsense when persons can go (literally) right down or across the street?
The Feds kicked in a bunch of money to keep the project going. Christie then cancelled the project, used the Feds money (stole it) to balance the budget in an effort to show what a fiscally responsible Repub he is; all the while making a big spectacle of what a leader he is by making tough financial decisions.
What Revel came down to was suring up South Jersey support & furthering his political aspirations. No matter the cost to the NJ taxpayer.
not sure Atlantic County or AC for that matter sures up anything in the south - Atlantic county is like 250K people. S Jersey is the burbs of Philly not AC
The Feds kicked in a bunch of money to keep the project going. Christie then cancelled the project, used the Feds money (stole it) to balance the budget in an effort to show what a fiscally responsible Repub he is; all the while making a big spectacle of what a leader he is by making tough financial decisions.
What Revel came down to was suring up South Jersey support & furthering his political aspirations. No matter the cost to the NJ taxpayer.
Will confine my comments to saying that ever since the "Big Dig" in Boston fiasco Congress/federal government has become very leery of funding large scale infrastructure projects. To that end IIRC rules/laws were put into place that leave the state in question where future projects reside on the hook for a majority if not total share of any cost overruns.
"Moody's, the credit-ratings firm, said the closure would hurt the city's finances because Revel contributes about $20 million in property tax revenue. The firm downgraded the city's bond rating to junk status last week and says further action could come."
That has nothing whatsoever to do with the state government.
Obviously this casino closing is not good news, but I fail to see how the average NJ taxpayer was significantly impacted by the tax break Christie gave. People on page 1 were making it out like a $260 million dollar check was written that we are now losing out on, which is completely inaccurate
I don't mean to repeat myself yet I can't help but think that if Atlantic City had spent $2.4 billion on family friendly entertainment venues perhaps it would still be viable.
As an American who has spent the better part of the last 6 years residing in Europe I can tell you every Italian/European knows that Las Vegas is a gamblers paradise not to mention an actual US destination city just like NYC and SF. Now, I have not met a single Italian that has ever even heard of AC. So again I wonder, since there has been so much competition from other states instead of building another Mega Casino why didn't AC build an all year round INDOOR West Edmonton/Mall of America style theme park with amusement park rides, water park, maybe even a ski slope or aquarium with an entertainment arena for theme shows and concerts? Certainly that money would have been better spent.
Perhaps it is 10 years too late for that but at least for the money they would have created a shot at becoming a viable US (family friendly) destination. What do you all think?
time will tell - AC is an odd animal these days - yet a few miles south in Ocean City this past weekend there are a plethora of million dollar homes going up like gangbusters
I really hope for good things in AC - routing for it
Sadly these slots parlors everywhere really hurt AC
plus the Revel is quirky - the Borgata still does gangbusters (so-to-speak) and the Revel never felt right (feels like the ski mall at the meadowlands, just not quite right)
maybe the Northern end of AC will get redeveloped sometime - great beach to build on
People have been "rooting" for this dump AC for like 50 years. Both with their hard-earned cash and millions in taxpayer $. Enough already! It's a failed experiment. The only beneficiaries were casino owners and bloviating politicians like this phony Christie. Nobody "roots" for Paterson or Camden and they're much bigger. Raze it & let the ocean re-claim it for all I care. Just stop wasting our money on it. Same with American Nightmare in the Meadowlands. Bad ideas don't get better over time.
Revel is quirky because it failed to follow business school 101, know your customer.
The Revel's business model focused too much on luxury and marketing an image brand at the expense of who are the main customers for casinos; gamblers.
This is nothing new in the casino industry, Caesar's Entertainment kicked all the low shop owners out of a fully occupied mall, remodeled it and filled it with all high end shopping, half which are gone now, last time I was at "The Pier" more than half the shops where vacant. They were far better off leaving it a low end shopping mall than trying to make it something the city just can't support.
Last edited by TechGromit; 08-13-2014 at 11:48 AM..
A.C is a dump. Here are a few reasons why it will be extinct within 10yrs
-Rival casinos in neighboring states
-Rooms are too expensive. I can fly to Vegas from NYC and stay at the Mandalay Bay for a wknd for the price of a 3 night stay at the Borgata on a wknd.
-Aside from Gambling, there's not much to do. Yes you have a few outlet stores, restaraunts, and night clubs. But not enough to sway a non gambler to spend a wknd in A.C
-The surrounding neighborhood is a dump! Looks like a scene right out of Death Wish starring Charles Bronson.
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