New Jersey college buys Atlantic City casinoStaff writer ▼ | December 15, 2014
A New Jersey college as completed its $18 million purchase of the shuttered Showboat Atlantic City casino resort from Caesars Entertainment.
$18 million Casino space to be converted to dormitory space
The former casino floor would be converted to administrative offices. Theaters at the building would, under the college's plans, house facilities for dance, music and drama programs, the school said. One of the three towers will remain a hotel holding some 479 rooms opening sometime in the spring of 2015.
The college said dorm rooms could be used as hotel rooms during summer months, when demand is high and most students are away from campus. The college said the purchase price is far less expensive than new construction. The purchase was announced in November. ■