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AC Gateway LLC's 'Atlantic Beach Resort and Casino' Hosed

By Chuckmonster on Monday, 12th January 2009 4:49am
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Curtis Bashaw and Wally Barr have temporarily thrown in the towel on the AC Gateway project, aka Atlantic Beach Resort and Casino

The cause? A deadly combination of dandruff and halitosis, of course. Oh wait... it's the economy stupid!

The partnership spent a great deal of time evaluating a lot of options for the Gateway site. Before committing to a specific option, the partnership felt the prudent thing to do was to wait and see how the market unfolds in the next 12 months or so."

The good news is that they got funding to pay $18m in property taxes while the land sits there.

More at the Press of AC






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