Atlantic City RE Will Diversify In Wake Of Casino Closures

By Kaitlin Ugolik (September 11, 2014, 6:02 PM EDT) -- As gambling experts discuss how to keep Atlantic City afloat, real estate practitioners are considering what might be done with the massive buildings being vacated by the casinos that are closing, with suggestions ranging from hotel and condo redevelopment to demolition in some cases.

It has been a summer of abrupt change for Atlantic City, with Trump Entertainment Resorts Inc.'s Chapter 11 filing on Tuesday topping off a string of other closures that are likely to leave millions of square feet of space in need of redevelopment.

Although experts say that there is still hope for some of the casinos —...

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