The residential complex, which will feature 250 apartments, will help rejuvenate the city’s aging housing stock.

Around the same time the $81 million Beaches at South Inlet are expected to open. The project is expected to generate more than 1,000 construction jobs and 3,000 permanent jobs, according to the company. The company plans to spend $500 million renovating and rebranding the property. In summer 2018, Hard Rock is expected to open its casino hotel. “You have more than 3,500 jobs that are coming, not counting Revel.” “In general next year is going to be a very positive year for the city, I don’t know how it can’t be minus a hurricane,” outgoing Mayor Don Guardian said in December. Supreme Court overturns the federal ban on sports betting. In addition to the development project, the resort could also see major benefits if the U.S. The opening of Hard Rock Hotel & Casino Atlantic City, the Stockton University Gateway project, The Beach at South Inlet and the possible reopening of Revel suggest that the city is turning the corner and headed for better times. But with more than $800 million worth of private investment projects in the city set to open, some think that the city is going through a renaissance period. We hope over the next five to seven years that we make the city the model for the rest of the state.”įor the last decade, the resort has seen property values fall, the casino industry shed more than 11,000 jobs and the poverty rate increase dramatically. “We want the city to be successful not just next year, but for years to come. “At the start of the year, there is always optimism, and with more than a $1 billion in investment, there is a reason for that in the city,” said incoming Mayor Frank Gilliam.

ATLANTIC CITY - For the first time in five years, the city will celebrate openings rather than mourn casino closings in 2018.

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