The 350-foot-high vertical Polercoaster is officially coming to Atlantic City. On Thursday, the New Jersey Economic Development Authority approved an application to pay 27.8 percent of the project’s total cost, clearing the final funding hurdle before construction begins next month. It is expected to be completed before the summer season in 2019.
ACB Ownership, LLC asked the state Economic Development Authority to chip in $38.4 million of the project’s total cost of $138,000,000. The money will go toward reimbursing certain taxes, according to the authority’s agenda.
The project will be on the site of the former Sands Casino, which was imploded in 2007. Atlantic City Mayor Don Guardian said ACB Ownership also owns the parking garage that used to serve the Sands and will be utilized for the new attraction.
The group also has plans for other attractions near the site including a zipline, extreme ninja course, an XD Theatre, a skydiving simulator, a bar, and retail space.