Atlantic City hoping to find developers for former Airport

Atlantic City is struggling, but so is the rest of the modern world.  With the faltering economy and the lack of credit lots of development in Atlantic City is on hold. But that doesn’t stop Atlantic City from reaching out to developers who might be interested in developing former Airport Bader Field into a 3 casino project.

The economy is in meltdown, credit is virtually nonexistent, and $7 billion worth of new casino development is on hold in Atlantic City.

Perhaps it’s not the best timing, but the city went ahead Tuesday with a plan to solicit bids from developers who could build as many as three casinos on the nearly 150-acre former Bader Field airport property.

While it is not always a bad time to begin developing its possible the timing of this development is ok. If we are stuck in a recession for two or three years when we come out of it Atlantic City will have a number of growing new casino projects to inject new revenue into the city.