Posted Jan 6, 2016, 4:47 PM
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Join Date: Oct 2011
Location: Philadelphia
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ATLANTIC CITY | Atlantic City Gateway | 13 FLOORS
Quote:
Stockton University's dream of an island campus in Atlantic City will have new life on the other side of town.
Although Stockton has not completed its $23 million sale of the former Showboat Casino Hotel, where its previous plan for an Atlantic City campus unraveled, new plans are underway to build the Galloway college a campus at the southern end of Atlantic City.
Christopher Paladino, head of the newly formed Atlantic City Development Corp. (ACDevCo), said the independent, not-for-profit organization was going ahead with plans to build an Atlantic City campus for Stockton, to open in the fall of 2018.
The corporation, which is applying for 501(c)(3) nonprofit status, will partner with Stockton, South Jersey Industries, and others to fund the $200 million project, he said.
The campus would be along various blocks bisected by Albany Avenue in the Chelsea neighborhood, close to Ventnor, Paladino said.
The site contains several empty beach blocks and would include a 500-student dormitory with ocean views, academic buildings on the former site of Atlantic City High School, new retail, and a repurposed city park turned into a quad, similar to New York University's use of Washington Square Park.
A parking garage topped by new offices for South Jersey Industries, a gas utility and energy services company that is kicking in $44 million, would complete the project. Stockton would contribute $18 million, plus $17 million from the Casino Reinvestment Development Authority. The campus would serve 1,000 students at first.
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http://articles.philly.com/2015-11-2...sey-industries
http://acprimetime.com/stockton-sj-g...opment-update/
Last edited by summersm343; Sep 3, 2017 at 7:53 PM.
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