An historic Atlantic City airport will be transformed into a $2.7B mixed-use development including a Formula 1 racetrack, condos and retail.
The city council has unanimously approved DEEM Enterprises' proposal for the redevelopment of Bader Field, the first municipal airport built in the US. The council voted 8-0, with one abstention to approve a memorandum of understanding with DEEM.
According to a rendering released by the Greater Atlantic City Chamber, the project will include a 2.44-mile Formula 1 motor course surrounded by hundreds of condos—the cars weave around the apartments in the rendering—and retail shops.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
