“We’ve been active for over two years, making public presentations, we’ve been before the city council, we’ve been to the state. “We are aware of (Blatstein’s proposal) and we’re moving forward,” Gallagher said. I appreciate Bart and his partners’ belief in Atlantic City, which sends a good signal.”ĭan Gallagher, one of DEEM’s partners, confirmed that his company expects to sign an agreement with the city in the near future. “A (memorandum of understanding) between the city and the developer is imminent,” Small said. Mayor Marty Small endorsed it in February, and renewed his backing on Monday. That $2.7 billion recreational, residential and retail project aimed at car lovers would include a 2.44-mile (4-kilometer) auto course on which car lovers can drive their high-end automobiles about 2,000 units of housing in various price ranges a retail promenade, and other auto-themed attractions. It follows one unveiled in February by DEEM Enterprises, a company based in both Los Angeles and Atlantic City. The proposal is the latest in a string of plans for the 143-acre site, which is owned by the city but controlled by the state under a 2016 takeover law giving state government power over most of Atlantic City’s major decisions.
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