Richard Stockton College purchased the Showboat Casino from Caesars Entertainment Corp. for $18 million, using money from the college’s investment fund.
The purchase almost doubles the
square footage of the college, adding 1.4 million square feet of space
to the 1.7 million on the main Galloway Township campus.
The new 26.28-acre
Stockton-Island Campus will operate as both a hotel and a college campus
and serve as an impetus to develop a University Park neighborhood in
the north end of the city.
There will be no casino, and that space will be converted to academic and retail use.
Entire article at
http://www.pressofatlanticcity.com/news/press/atlantic_city/stockton-college-finalizes-showboat-purchase-for-million/article_a92a7fcc-824a-11e4-a574-9b60d24383e6.html
Entire article at
http://www.pressofatlanticcity.com/news/press/atlantic_city/stockton-college-finalizes-showboat-purchase-for-million/article_a92a7fcc-824a-11e4-a574-9b60d24383e6.html
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