By Bill Barlow, Press of Atlantic City
The city wants the building, administrator George Savastano told City Council on Thursday. He said there is no specific use in mind yet but that the city has begun talks with a trustee appointed by a bankruptcy court to begin negotiations.
The next step will be to evaluate the condition of the building, a procedure Savastano described as due diligence.
“The administration considers this property to be extremely worthy of consideration for acquisition given its prime location within our downtown,” Savastano said. “While there are not definitive ideas yet for what the ultimate purpose of the property would be, it clearly presents a number of options if it were to come into the public domain.”
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