ATLANTIC CITY - The diving horse attraction that brought international notoriety to the Steel Pier will return as part of a revitalization plan for the 1,000-feet long structure, its owners said during a presentation today to the Casino Reinvestment Development Authority.
Steel Pier owners Paul Steelman and the Catanoso family are seeking a $6 million loan from the CRDA, in addition to assistance from the state Economic Development Authority. They bought the pier for $4.3 million three weeks before Trump Entertainment Group had planned to auction off the pier.
The three-year-long project also calls for a ferris wheel and setting up a nightclub within the skybridge connecting the pier to the Trump Taj Mahal Casino Resort on the opposite side of the Atlantic City Boardwalk.
Ultimately, the pier also will be enclosed and operate year-round.