That is, until a Pennsylvania firm’s deal to buy the Atlantic Club and turn it into a waterpark officially died. On January 20, the Press of Atlantic City reported that Endeavor AC LLC’s agreement to buy the disused casino-hotel was terminated with the Atlantic County Clerk last week.
The deal collapsed earlier this month when the owner, an affiliate of Clearwater, Fla.-based TJM Properties, asked Endeavor to close the deal in January, and Endeavor said it needed more time to secure financing, according to the news report.
Despite this news, all hope is not lost. “We are still interested in developing a waterpark in Atlantic City and remain interested in the Atlantic Club”, Endeavor spokesman Mark Naples said.
While Endeavor works out its kinks, another deal remains in the works. As previously reported, Developer Glen Straub plans to reopen the shuttered Revel resort with a waterpark and casino, essentially creating the ultimate family playground.