extensive wine list. The hotel's refur- bished ballroom and meeting rooms with period touches is now catered by Brûlée Catering.
The Richard Stockton College of New Jersey recently purchased the former casino Showboat Atlantic City for $18 million, beginning its transfor- mation into an island campus designed to spur economic and community development.
Stockton purchased the 1.73 million- square foot property from Caesars Entertainment with funds from the college’s Investment Fund. No state- appropriated funds were used in the purchase and no new debt was issued.
"Stockton's acquisition of the Showboat exemplifies the efforts of the governor and legislative leader-
ship to bolster Atlantic City's non- gaming offerings. The diversification of activities available in AC stands to benefit all of the city's stakeholders," said Gary Loveman, chairman and CEO of Caesars Entertainment.
The property will likely continue to operate as a hotel, with 479 rooms in Tower 1 available for guests, along with retail and restaurant amenities. Stockton expects to have the hotel portion of the Island Campus operat- ing by late spring 2015, with some summer session classes to follow. Full academic programs are expect- ed to begin in fall 2015.
The nearby Noyes at Stockton Arts Garage on the street level of the Wave Garage features 16 working artists, exhibits from the Noyes Museum of Art in nearby Galloway Township, retail sales and a branch
of the African American Heritage Museum of Southern New Jersey. The layout offers space for recep- tions and other group events.
Bass Pro Shops is scheduled to open in 2015 with 89,000-square feet of outdoor sports retail space. Bass Pro Shops frequently attract people from hundreds of miles away. The store will be at the base of the highly successful Tanger Outlets - The Walk outlet shopping district.
In the summer, Atlantic City's famed Steel Pier plans to unviel a 220-foot observation wheel with 40 climate controlled riding cars that will be part of a $4 million makeover. Also new to Atlantic City will be a nearly $10 million, 30,000-square foot public market, slated to debut by late- 2015.
Mid-Atlantic EVENTS Magazine 47
what’sNEW
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