If Revel is the big gray elephant balancing a ball on its trunk and causing a circus in Atlantic City, then Florida developer Glenn Straub is its ringleader.
On Thursday, the Florida developer was seeking bankruptcy court approval to buy Atlantic City's former casino.
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According to the Associated Press, which covered the , Straub's Polo North Country Club has an $82 million deal to buy the shuttered casino.
While testifying, Straub alluded to "a $500 million plan involving numerous locations in Atlantic City, including a marina, possibly something involving the former Bader Field airport, and other locations," AP reports.
"I can bring an additional 30,000 people a month into this city," he said.
According to the Press of Atlantic City, Revel has through April 6 to take other offers, with Straub’s deal set to close no later than April 7.
Revel, which cost $2.4 billion to build and opened two years ago, closed on Sept. 2 after filing for bankruptcy three months earlier. Revel was conceived as a Las Vegas-style resort that emphasized high-end dining and eye-catching design.
Read the full Associated Press article.