A.C.'s Steel Pier Saved?

Amusement operators purchase Atlantic City landmark from Trump

Just weeks before it was set to be auctioned off to the highest bidder, Atlantic City’s World Famous The Steel Pier was purchased by a group headed by the group that has operated rides and attractions on the pier for the last two decades.

On Wednesday Steel Pier Associates, made up of the Catanoso brothers -- Anthony, Charles and William -- and long-standing partner, Ed Olwell, announced that they had purchased the venue from Trump Entertainment Group.

“This purchase means more to us than just owning the structure on which we operate an amusement park,” said President of Steel Pier Associates Anthony Catanoso.  “For us, it’s an honor.”

Paul Steelman, the entertainment architect of Sands Macao is joining Steel Pier Associates in the deal.

From spring to fall, the Steel Pier offers about 20 rides, food, games and even a heliport. It’s unclear if the purchase of the property will prompt the new owners to make things bigger and better.

Terms of the purchase weren’t released.


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