By Andrew McIntyre ( March 14, 2017, 6:53 PM EDT) -- R&R Development Group LLC has reached an agreement to purchase the Atlantic Club Casino Hotel, which is currently closed, and is looking to convert the property to a water park, the Press of Atlantic City reported on Monday. The company is planning to build a 100,000-square-foot water park as well as restaurants at the site, according to the report. R&R Development plans to invest north of $135 million in the project, the Press of Atlantic City reported....
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