ATLANTIC CITY — The reopening of the shuttered Revel Casino Resort early next year as a multipurpose facility is expected to bring a much-needed boost to the struggling South Inlet section of the Boardwalk.
For the past two years, the property, now known as TEN, has symbolized the lack of development in the area. But that could soon change. Its operators have said they plan to reopen the property during the first quarter of next year. Those plans appear to be on course.
Last month, the city granted the more than 6 million-square-foot property a temporary certificate of occupancy. City licensing officials are reviewing the property’s mercantile license.
“We still do not know the full scope of the TEN project. But even if TEN opens on a modest scale initially, with or without gaming, it will still generate interest to a now-secluded area of the Boardwalk,” said Robert Ambrose, an instructor of Hospitality & Gaming at Drexel University. “Hopefully, going forward, it will create some new niche markets within a diverse selection of nongaming amenities. And from what I have seen and read, I think that will happen.”
When the property reopens, it will feature different attractions. In addition to hotel, spa and dining amenities, TEN will have zip lines, rope courses, a movie house, interactive bowling, mini-car racing, fitness training, and cooking and dancing lessons.
Some locals say the reopening of the property could stimulate development in the stagnant neighborhood.
“Why can’t this area have nice restaurants and shops?” asked Will Shanken, 75, of Atlantic City. “Maybe the reopening of it will spur that.”
The state Casino Control Commission recently received the Department of Gaming Enforcement’s report on owner Glenn Straub’s application for a casino license, said Daniel Heneghan, commission spokesman.
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“It also has a recent petition from the applicant for a ruling on whether a license is needed,” Heneghan wrote in a statement. “The commission will consider the petition at a future public meeting, but it has not yet been scheduled. Any hearing on the application, if necessary, would be held after the petition is resolved.”
The property contains 13 restaurants, a 32,000-square-foot spa, 55,000 square feet of retail space and a parking garage with more than 7,000 spaces.
“Opening an over 6 million-square-foot, 47-story and 1,400-room resort is no small feat,” said Robert Landino, CEO of TEN.
The reopening of the facility could help replenish the city’s inventory of rooms following the closing of the Taj Mahal last month.
“From a hotel standpoint, it brings back more than 1,400 rooms, just as 2,000 were lost after the Taj Mahal closure,” said Colin Mansfield, a casino analyst with Finch Ratings. “That will help overall during the busy summer season.”
While some tout what the return of the property could do for the city, Preston Purnell, 55, of Atlantic City, doesn’t think it will have a big impact.
“It’s so far down here, no one wants to come down here,” Purnell said. “I just think that it’s more of the same.”