|By PR Newswire||
|August 12, 2014 11:52 AM EDT||
ATLANTIC CITY, N.J., Aug. 12, 2014 /PRNewswire/ -- "We are disappointed in the decision that the Board of Revel has made as there appeared to be several bidders for the property. While I am not privy to the current facts that led to this decision, I do know this process is a complex one compounded by an extremely short time frame and cash flow challenges. This might be Revel's last chapter, but not the last one for this building. My administration remains committed to the workers, the businesses, and the visitors who are impacted by today's news."
SOURCE City of Atlantic City