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In 1993, Atlantic City casino development authority began condemning hundreds of properties, for the expansion of Trump Plaza Hotel and Casino. In 1998, a court stopped the condemnation of the Sabatini's restaurant, one of the properties. In 2005, Donald Trump agreed to buy the property for around $2 million, exceeding the first offer of $700,000.
Real estate investing has long been considered a nearly surefire way to grow wealth, as property values tend to go up over time. However, in the current market, this form of investing may have lost...
Owning a rental property in a hot market can generate both long-term capital gains and immediate cash flow. In many areas, rental income can far exceed the cost of the mortgage on the property.
The city has many affordable properties, especially if you include mobile homes and condos in your search. You can find plenty of properties right by the beach for less than $1 million, and some ...
While campaigning for the gaming initiative, Resorts International also began planning for a future Atlantic City casino by securing an option for 55 acres (220,000 m 2) of land on the Atlantic City Boardwalk from the city's Housing and Re-Development Authority as well as acquiring Leeds & Lippincott Company, which owned Chalfonte-Haddon Hall ...
Bally's Atlantic City is a casino hotel on the boardwalk in Atlantic City, New Jersey. It is owned and operated by Bally's Corporation. The Marlborough-Blenheim Hotel stood on the site before the casino was built. It is famous for its address of "Park Place and the Boardwalk", two locations popularized by the board game Monopoly. Bally's is one ...
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