Building Boom Goes On – Major construction projects in Atlantic City, NJ

Trump Taj Mahal: $250 million, 800-room hotel tower to break ground next month. Scheduled to open in 2008.

Borgata Hotel Casino & Spa:  $525 million project is under way. Phase I is a $200 million expansion, to be unveiled next week, with restaurants, stores and gambling space. Phase II is a $325 million, 800-room hotel tower; construction began in 2004, and the tower is to open late in 2007.

Harrah’s: $550 million expansion that includes a retail and entertainment center to open this year, and a 964-room hotel tower to open in 2008. Construction began in March. Also, $100 million in renovations are under way in the casino and hotel.

The Pier at Caesars:  The $200 million project will debut at the end of this month on the Boardwalk next to Caesars casino.

Land next to the Borgata: A 55-acre tract in the Marina district owned by MGM Mirage that is ready for development by the casino giant. MGM, coowner of the Borgata, describes the project as comparable to its $7 billion Las Vegas development, which includes hotel towers, retail stores and condominiums. Earliest to break ground: 2008.

Land next to Showboat casino: Bought last month for $70 million by Morgan Stanley. The investment firm wants to build a $1-billion-plus gambling facility and hotel on the 20-acre parcel in the South Inlet district. The casino would be Atlantic City’s 13th. Earliest to break ground is 2008, and earliest casino could open is 2010.

The Walk:  The eight-block shopping-entertainment district, which links the Convention Center with the Boardwalk, broke ground in March for a $155 million expansion to include stores, restaurants, condominiums and office space. The expansion is on the west side of Michigan Avenue.

To be announced this summer: Expansion projects at Caesars and Bally’s casinos.

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