The Casino Reinvestment Development Authority’s board of directors approved changes to the former Revel Casino Hotel’s traffic plan, clearing the way for owner Glenn Straub to apply for a temporary certificate of occupancy from the city.
The approval for the property now known as TEN was almost held up because Straub refused to pay approximately $100,000 in Special Improvement District fees as a condition of the approval. Straub is currently in litigation over the improvements fees assessed to the property during its bankruptcy. Straub said he would be willing to honor the court’s ruling.
“I will make the place a success and you will be proud of it”, said Straub.
As part of the approval, Polo North Country Club Inc. will be required to submit a traffic plan and study within 75 days of approval, as well as a landscaping plan.
“I’m in strong support of this project,” said Mayor Don Guardian, a member of the authority’s board. “We need to do everything that we can do to get TEN opened.”
The property features 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.