Monday, October 27, 2014

College in Talks to Buy One of Two Closed Casinos

Richard Stockton College is in negotiations to acquire one of two shuttered casinos here for a new Atlantic City campus.

Atlantic City Mayor Don Guardian revealed the casino acquisition discussions at an economic forum meeting held on Wednesday in Burlington County. The mayor said the college is looking to purchase either the former Atlantic Club or Showboat casinos, according to the Press of Atlantic City.

“They were looking for a new campus for 10,000 students, and we were able to convince them that Atlantic City is the location,” Guardian says. “So in the next couple of weeks, you’ll see they’re either going to end up with the Atlantic Club, which means all the property in that section of town will become the college district, or they’re going to end up with Showboat, in which case the Southeast Inlet is going to become a district. They’re looking at 10,000 students, four undergraduate schools, four graduate schools.”

Sharon Schulman, Stockton’s CEO of external affairs and institutional research, confirmed that the college is still considering Atlantic City.

“Our status has not changed. Yes, as we have discussed, we are pursuing various opportunities in Atlantic City, but nothing is definite and it is premature to discuss them. There is nothing firm.”

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