Atlantic City Economy on the Upswing

This year is setting up to be a good one for Atlantic City, NJ. Plagued by multiple casino closures and significant job loss over the last five years, economic prosperity may yet be on the horizon. There are several major projects underway, and they are all set to come to fruition this year.

 

 

 

 

 

 

 

 

 

Ocean Resort Casino

After only two years in business, Revel Casino closed its doors in 2014, making it the third casino in Atlantic City to close that year. The casino has finally been purchased, by a Denver-based developer named Bruce Deifik. It’s being renamed Ocean Resort Casino, and the new owner is confident that he’ll be able to attract good business. The casino will offer the same amenities and entertainment as before and then some. It would also be the first NJ casino to offer sports gambling, if it is approved by the U.S. Supreme Court in a ruling on sports gambling in the state of New Jersey. It is estimated that Ocean Resort Casino will create 2,500 to 3,000 permanent jobs, and it is expected to open this summer.

Hard Rock Casino

The Taj Mahal Casino is also set to reopen this summer, this time under the familiar moniker Hard Rock Casino. Their hiring process began January 30, and they’re advertising they have 3,000 permanent positions to fill. And in a show of loyalty, former employees of Taj Mahal Casino will be given preference and are being encouraged to reclaim their old jobs. The new Hard Rock Casino is doing away with the old Taj Mahal decor and has opted not only for its usual rock and roll atmosphere, it’ll also highlight the local music industry and the musicians that have called New Jersey home. Appropriately so, the casino will also feature a new concert venue.

The Gateway Project

Atlantic City will also be diversifying its economic landscape this year. In a move based in neither gambling nor tourism, it has welcomed a satellite campus of Stockton University–the reputable and ever-expanding state school just twenty minutes inland of the city. Dubbed the Gateway Project, the campus will be situated at the intersection of Albany and Atlantic. It will feature student housing for 520, an academic building that can hold 1,800 students, and a combination parking garage with offices for South Jersey Gas. The campus is sure to benefit nearby businesses, and may well flood the local rental market with students looking for housing.

The Beach

Another significant project underway in Atlantic City is an apartment complex called The Beach. Located at the South Inlet, this 250 unit development is a much needed addition to the city’s outdated housing stock, which is mostly comprised of properties over 40 years old. The complex will feature amenities such as a gym and pool, as well as a retail space on the first floor, with various shops, restaurants, and a grocery store. Updated and quality housing such as this is important to any city, especially one looking for revitalization. It encourages local employees to live within the city, and it is an opportunity for families to find better housing. The Beach is also projected to open this summer.

With this new flurry of activity, it’s sure to be an exciting year for Atlantic City. If you’re interested in looking at investment or residential properties, in Atlantic City or elsewhere, feel free to give me a call. My number is 609-287-1795.

Check out my Atlantic City Economy Report.

2017 Atlantic City Halloween Parade

This year, Halloween falls on a weekday. But why should it be celebrated on just the one day? Instead, show off your costumes early by participating in the 2017 Atlantic City Halloween Parade the weekend before.

What: 2017 Atlantic City Halloween Parade
Where: On the Boardwalk at New Jersey Ave (by the Showboat)
When: Saturday, October 28th, 2 pm (judging), 3 pm (parade begins)
Admission: FREE
Contact: Atlantic City Rotary Club (609) 703-9000

Want to show off your Halloween costume early this year? Then show up wearing it outside the Showboat on Oct 28th & you can be in the 2017 Atlantic City Halloween Parade!

2017 Atlantic City Halloween Parade

Search homes for sale at the Jersey ShoreThe Atlantic City Rotary Club performs philanthropic work for the Jersey Shore community all year long. For something a little different and a lot of fun, they decided to put together the 2017 Atlantic City Halloween Parade. Beginning at 3 pm, watch as floats, local drill teams, cars, and costumed participants wind their way down the historic Atlantic City Boardwalk.

Since fall weather can be unpredictable, there’s a contingency plan in case of rain. Currently, the weatherman predicts possible showers on and off throughout the afternoon of the 28th. We all know how that can change, though. If rain does occur, the parade then takes place on the 29th. Check the weather report ahead of time and make sure you dress appropriately.

How to Participate in the 2017 Atlantic City Halloween Parade

The deadline to enter vehicles and floats into the parade has already passed. However, simply show up in costume on the 28th and you’ll automatically be allowed to walk in the parade. Line-up and judging start promptly at 2 pm outside the Showboat. Prizes will be awarded for best costume.

Dress up in your favorite costumes and head out to the Boardwalk on Saturday, October 28th. The Halloween fun starts early this year. All ages welcome.

Featured Jersey Shore Home of the Week

111 S Dudley Ave 214 Ventnor NJ - Click here for more info on this Ventnor condo for sale

For more information on this and other homes for sale on the Jersey Shore, please visit my Featured Listings page.

Sherri Lilienfeld, Helping You Live Your Jersey Shore Dream

Atlantic City Air Show 2017 Takes Flight Tomorrow

Look up in the sky.  It’s a bird.  It’s a plane.  Well, actually, it’s several planes.  And they’re busy practicing for the Atlantic City Air Show 2017 that takes place tomorrow!

Atlantic City Air Show 2017 takes flight over the City's beaches on Wed, Aug 23rd. Don't miss one of our most anticipated Jersey Shore summer events.

What: Atlantic City Air Show 2017
Where: Over Atlantic City Beaches
When: Wednesday, August 23rd, 11:30am to 3pm
Admission: Free
Contact: Atlantic City Chamber of Commerce (609) 345-4524

Atlantic City Air Show 2017

Search homes for sale at the Jersey ShoreAround 10:30am on Wednesday August 23rd, the air space above local beaches shuts down to any traffic not involved in the show.  The US Army Golden Knights kick off the day’s events with a streamer drop at 11:15am.  Then, guests of the Atlantic City Air Show 2017 will be treated to skywriters, skytypers, a flag jump, aircraft flybys, military demonstrations and so much more.  For the “piece de resistance”, the US Air Force Thunderbirds show off their magnificent power to close down the show.

Places to Watch the Atlantic City Air Show 2017

Since all the action takes place overhead, any local beach provides optimal viewing for the Atlantic City Air Show 2017.  Scout a spot on the Boardwalk if you’d like.  Or, visit Margaritaville, the Hard Rock Cafe, Casa Taco and Tequila, Harry’s Oyster Bar or any of the other fabulous Boardwalk restaurants for lunch.  Request outdoor seating and you’ll have a great place to watch the show above!

But there’s no waiting out on the water.  Spend the day on your boat and entertainment will follow.  Just keep an eye out for “no boat” zones.  Be safe.  Once the aerobatics start, tune your radio to WPG 104.1FM or 1450AM for a running commentary on the air show performers.

Atlantic City Air Show 2017 Tips

Let me leave you with a few tips before you take off for the Atlantic City Air Show 2017.  The weatherman predicts highs in the 80’s with possible thunderstorms later in the day.  Even with cloud cover, make sure you slather on the sunscreen.  Layer your clothing so you can take it off as it gets hotter and add back when it cools off.  Don’t forget your sunglasses.  For a closer look at the performers, bring your binoculars.  Charge up your digital cameras and smartphones.  You’ll want to capture all the incredible performances to share with others.  Pack plenty of snacks and water.

Officials warn that drones will not be allowed anywhere near the City’s beaches while the Atlantic City Air Show 2017 takes place.  Any drones caught in the vicinity will be confiscated.  Owners may face fines.  Let’s keep everyone safe while they enjoy this amazing show.

Featured Jersey Shore Home of the Week

111 S Dudley Ave 214 Ventnor NJ - Click here for more info on this Ventnor condo for sale

For more information on this and other homes for sale on the Jersey Shore, please visit my Featured Listings page.

Sherri Lilienfeld, Helping You Live Your Jersey Shore Dream