View Single Post
  #40  
Old 07-26-2007, 03:32 AM
Gonso Gonso is offline
Senior Member
 
Join Date: Apr 2006
Location: seat zero
Posts: 3,265
Default Re: AC closing in on Vegas?

Well, I was born, raised, and work two jobs in AC. The city is far from perfect, but it is tremendously better now than it was back when the casinos first opened. Especially the development that's happened in the last decade or so.

AC itself isn't a particularly large area of land, so when you open an outlet shopping district, or tear down the Inlet (remember those F'd up public housing projects there? Stabtastic), it makes a major difference.

Besides, there is a lot of interest in further development. Many casinos are aged and Borgata has demonstrated a definite demand for high-quality gaming. There are only like 11 casinos now. There are expansions and upgrades in progress or planned for most of the existing houses ($1.5B for Hilton!), and there are new casinos coming.

Being neck and neck with Vegas may be out of the question any time in the forseeable future, but there's still serious investment interest here.

When I was a kid the best concert was like Tom Jones or something. Now, everyone plays here. Borgata's insane compared to what was the old AC standard for casinos. There is also an exodus of residents who can't afford to liver here with rising proprty values.
Reply With Quote