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ATLANTIC CITY — In a war-room-like meeting during which the city’s greatest concerns and potential solutions were discussed this week, the words “Bader” and “Field” were uttered just once — moments before the assembly of city stakeholders left City Hall.
As the group of casino executives, public officials and neighborhood representatives made their closing comments, one person said, “Bader Field will be integral” to the city’s revitalization, according to Mayor Lorenzo Langford.
Just a year ago, the 143-acre city-owned tract was on the minds of every Atlantic City player. Now, for many, it’s an afterthought. Except for the mayor.
Langford has formulated a plan to track down property owners in the city interested in swapping their land for a spot at Bader Field, all in an effort to jump-start development at the site and get others interested.
The land would be swapped evenly, likely with no additional money exchanged. Any deal would also come with construction deadlines “in order to fast-track development,” Langford said.
“We want to get development started,” the mayor said in a recent interview. “Right now, what’s happening at Bader Field? Absolutely nothing.”
Anyone with more than 10 acres of city land would be considered, but the mayor has two gaming companies in mind already: Pinnacle Entertainment Inc. and Penn National Gaming Inc.
Pinnacle currently holds about 20 acres of Boardwalk property where the Sands Casino Hotel once stood. But after demolishing the casino to make room for a proposed $1.5 billion megaresort, the company stopped work on the project following the national economic downturn.
Pinnacle spokeswoman Pauline Yoshihashi said the company has had no discussions with the mayor about his proposal.
“We haven’t heard anything about that,” said Yoshihashi, who did not comment on whether an exchange would interest the company.
Penn National, a Pennsylvania-based casino and racetrack operator, holds 18 acres (12 of them developable) along the city’s Route 30 entrance. The company killed its plan to build a casino at the site in February, citing the recession and the city’s difficult casino market.
Langford used Penn National as an example to explain how a swap would work, then added, “I think Penn Gaming would jump all over that.”
However, Penn National does not own the Route 30 site. The company originally had an option to buy the property but walked away from it when its casino plans ended. Whether talks have reopened is unclear.
Calls to officials with Penn National were not returned. The site’s owners, Arthur Ponzio, an Atlantic City engineering and planning consultant, and Stephen Frankel, a real estate broker based in Ventnor, also could not be reached. Ralph Clayton, who owns Clayton’s Self Storage and currently has a 35-year lease on the site, said he had no knowledge of any plans for the owners to sell it.
But Penn National still stands as the only company to make an official offer on Bader Field — an $800 million proposal that was killed when the state Legislature insisted the city go out to bid for the property. Later, legislation passed that requires state approval of any sale or lease. Langford’s new proposal for a swap could get around that law, signed by Gov. Jon S. Corzine last year.
“It may (dodge the law) because he’s talking about dividing it up and exchanging the parcels separately,” said William Crane, the city’s planning director.
Langford said side-stepping the legislation is not his intention. He also dismissed the possibility of complaints from the state if his plan encourages companies to develop the site.
“I don’t think the state is going to say, ‘We’re not going to do that because it wasn’t our idea,’” he said this week.
State Sen. Jim Whelan, D-Atlantic, said he has not spoken to the mayor about his proposal and does not fully understand it. He avoided commenting on the proposal without discussing it with the administration first but believes the planning could be moot.
Whelan said he does not see Bader Field being developed until years in the future because funding for infrastructure around the site is currently far from attainable.
“Who is going to do the work that needs to be done?” Whelan said. “The state doesn’t have the money. … The developer certainly isn’t going to put up that money. The infrastructure just isn’t there, and it’s going to be a while before we get to a point to discuss how to get that work done.”
Whelan predicted about $300 million would be needed to make the necessary improvements and additions to Bader Field, an estimate he called a “low-ball figure.”
“I think we’re still several years out from anything happening over there,” he said.
Contact Michael Clark:
609-272-7204
Michael.Clark@pressofac.com
Posted in ATLANTIC CITY on Saturday, November 28, 2009 7:15 am Updated: 12:46 am.
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