The former Revel Casino in Atlantic City may get the power it has been battling for very soon.

Glenn Straub needs to get power to his building, so he bought the power plant.

According to,

The Florida real estate developer who owns the former Revel casino in Atlantic City said on Tuesday he reached a deal to buy the power plant that services the boardwalk property, putting an end to a protracted energy dispute at the shuttered gambling hall.

Developer Glenn Straub bought the bankrupt casino, which cost $2.4 billion to build, for $82 million in April but the building has remained shuttered amid the ongoing power dispute. Under the agreement, Straub's Polo North will pay $30 million and ACR Energy Partners, the company that owns the power plant, will put up $15 million to pay off bondholders.

The deal needs to be signed one week from today.  ACR Energy Partners has been supplying limited power to the building to satisfy fire codes.

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