Atlantic Beach Resort and Casino
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AC Gateway LLC, a casino development company owned by a local hotel owner and ex CEO of Caesars Entertainment, Wallace Barr, have plans to build a $1.5 to $2.0 billion megaresort in Atlantic City on 14 acres of land bordered by the Boardwalk, Ventnor Avenue, Lincoln Place and Hartford Avenue. Parts of Atlantic, Pacific, Trenton and Albany avenues also brush the development site.
According to the Press of AC, the casino resort would have a “2,000-room hotel tower soaring 832 feet high, easily making it the tallest building in the city, approaching the height of some of Manhattan’s skyscrapers. There would be 210,000 square feet of gaming space, bigger than any of the city’s existing casino floors. Complementing the casino operations would be nearly 350,000 square feet of retail, dining and entertainment attractions and 150,000 square feet of convention space - all part of a Las Vegas-inspired trend to offer guests more to do than just gamble.”
The company hopes to start construction in 2009, but timing would ultimately rely on the credit markets, according to the company.
