ATLANTIC CITY, N.J. (AP) — Like a bad check, the former Atlantic Club casino in Atlantic City keeps getting returned.
A deal to sell the shuttered casino has fallen through for the third time in as many years.
The latest involved a bid by Stockton University to buy the casino property as part of its new Atlantic City campus.
But Stockton wanted the parking garage and the land; the casino and hotel buildings would have been razed.
TJM Properties of St. Petersburg, Florida, pronounced the deal dead Thursday. No purchase price was ever revealed.
It’s trying to have a deed restriction lifted that prevents the property from being used again as a casino.
The Atlantic Club closed in 2014, the first of four Atlantic City casinos to do so that year.
