Showboat Owner Buys Nearby Land in Atlantic City

Bart Blatstein, the Philadelphia developer who's been buying up distressed Atlantic City properties and re-opening them, has added three more Boardwalk parcels for about $6 million.

Blatstein, who last year reopened the former Showboat casino as a non-gambling hotel, has added land nearby as part of future development of the site.

He bought the Garden Pier across from the shuttered Revel casino, which is also near the Showboat, along with a volleyball court between Revel and the Showboat.

Blatstein also bought land in the Inlet district next to a new $40 million Boardwalk repair project.

He says the parcels near the Showboat will increase outdoor uses for the site, and says the Inlet land is prime property in a redeveloping area.

The deals closed on Friday.

Copyright AP - Associated Press
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