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Atlantic City approves Revel casino agreement

Press of Atlantic City,  Friday, November 9, 2007 at 2:59:45 PM

The city approved a redevelopment agreement for the $2 billion casino Revel Entertainment is planning to build in the South Inlet, in the process virtually ensuring that no casinos would be built at the cross-town Bader Field site for years.

"We're happy," Revel CEO Kevin DeSanctis said Thursday. "This is one step, but we have a lot more to go."

The Bader Field clause in the Revel agreement says "no new casino project will be allowed to commence construction on Bader Field until all applicable federal, state, county and municipal approvals, licenses and permits have been issued and there are committed funds for (a) new roadway connection."

Revel included Bader Field in its discussion because officials believe significant development at the site would snarl traffic and as a result hurt casinos citywide. the source
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