The new buyer of Revel Casino-Hotel, Glenn Straub, plans to transform the shuttered Boardwalk complex into a megaresort that would feature a huge water park, high-speed ferry service from Manhattan and some gambling.
The centerpiece of his redevelopment plan would be a $108 million water park, described by Straub as the largest of its kind in the world. The water park would be both inside and outside the building to create a year-round attraction.
Straub stressed it will be important for Atlantic City to add more year-round attractions as it transitions from a casino-centric town to a more diversified tourist destination featuring resort-style amenities.
He said he also wants to help redevelop the surrounding South Inlet neighborhood, but disclosed no details. The South Inlet’s redevelopment would likely be done in concert with the Casino Reinvestment Development Authority, the state agency that uses revenue from the casino industry for housing projects and economic development.