Atlantic City To Sell Hundreds of Abandoned Buildings
In order to raise some much needed funds. Atlantic City will take possession of 500 abandoned buildings and put them up for sale.
The plan was in the works months ago, according to NJ.com,
Several months ago, the city enlisted six neighborhood associations to walk their communities and come up with a list of properties that appeared to be abandoned. The resulting list identified 598 properties. Since then, the owners of more than 100 of them have begun repair work on their structures after the city threatened to take possession of them, [Mayor Don] Guardian said.
More revenue plans include a proposal to sell Bader Field to the city's water authority for $100 million.