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Jul 29, 2010 | Posted by: roboblogger

Pinnacle: 'Significant discount' on AC land sale

Full story: Seattle Post-Intelligencer

Not long ago, Pinnacle Entertainment had grand plans for a sparkling new casino resort on the Atlantic City Boardwalk that would cost upward of $2 billion.

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ACResident

Cape May, NJ

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#1
Aug 3, 2010
 
I don't believe PNK will ever disclose how much it has sunk into that site. So the loss will be 70% of an unknown amount. And always remember, the same Board that backed Lee's play still sits. The entire crowd should be fired over the AC debacle, not to mention the President Casino loss, the Emerald Bay farce, the Sugar Cane Bay whole in the ground.

Since: Feb 08

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#2
Sep 18, 2010
 
Has there been any news about a sale of AC land? I would have thought they'd try to get it off the books before third quarter end.

Since: Feb 08

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#3
Mar 19, 2011
 
Anyone from AC, what's going on with the pinnacle lot? Has it been cleaned up, sold? What's the status of Madison House? Has it been restored yet? Are J-1 students still staying there? Who is taking care of the place since Townsend left?

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