HAMILTON TOWNSHIP — New Revel Casino-Hotel owner Glenn Straub expressed interest in buying the Atlantic City Race Course last week and Wednesday a Hamilton Township official confirmed the property is for sale.
“It is for sale. It’s available,” said Phil Sartorio, director of Community Planning & Economic Development in Hamilton Township.
Straub said Friday that he might buy Atlantic City Race Course and that he might build a 1,000-horse stable. Officials here say they welcome him to come west.
Sartorio said he has been in contact with race course owners Greenwood ACRA and he has been instructed to direct parties interested in purchasing the property to the parent company.
“I have been told there is one or two people associated with the parent corporation to refer interested parties to,” said Sartorio.
After closing its gates in January after 68 years of operation, race course owners Greenwood ACRA, owner and operator of the track declined to comment about future plans for the property.
In January, Greenwood ACRA announced they "must close Atlantic City Race Course immediately due to continuous business decline in the industry, the current regional economic climate and the absence of alternative revenue opportunities."
Hamilton Township Mayor Roger Silva said he doesn’t want to see the over 250-acre property waste away and go unused. Straub’s interest in the property raises hope, Silva said.
Silva said if Straub or anyone else were to purchase the property he would like to see the race course be an active recreation spot outside of Atlantic City.
“He (Straub) has a lot of money and at this point I don’t know what he’s going to do with everything he’s buying. I would have to say at this point let’s see where it goes from here. He is buying up a lot and I just hope he has a good intention for it,” said Silva.
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