ATLANTIC CITY — For the third time in the past year and a half, the city will auction off surplus properties.
Max Spann Real Estate and Auction Co. has scheduled an auction for noon Dec. 12 at the Atlantic City Convention Center, 1 Convention Blvd. The auction features 88 properties throughout the city.
“For those who missed the first two auctions, this is another chance to make a smart investment in a city that’s on its way back,” Bob Dann, chief operating officer for Max Spann, said in a statement. “This list contains a lot more structures. We have something for everyone.”
In October, the city sold 29 properties for nearly $1.2 million during an auction run by Max Spann.
“We are excited to continue to put more and more properties back on the tax rolls,” Mayor Don Guardian said in a prepared statement. “Not only raising the one-time revenue, but receiving the annual tax revenue and reducing maintenance liabilities and cleaning up vacant properties is a win-win for the city.”
Max Spann will host information sessions to teach new bidders how to participate in the auction. The sessions will run continuously Wednesday between noon and 2 p.m. in Council Chambers, Atlantic City Hall, 1301 Bacharach Blvd.