By Matt Rooney | The Save Jersey Blog
Heads up:
Reuters reported on Wednesday morning that Brookfield Asset Management had won the auction for the Revel Casino with a $110 million, Save Jerseyans, paying a fraction of the $2.4 billion originally invested in the resort’s development and construction but offering some hope for a future for New Jersey’s most economically-challenged region.
Brookfield, a Canadian company with nearly $20 billion in annual revenues and an estimate $180+ billion in assets, owns the Hard Rock Hotel and Casino in Las Vegas.
The new owners reportedly plan to reopen Revel as a casino…
Developing…
Taxpayers get screwed again.
How so Jim Granelli? The tax credits never came into play with Revel. Do you understand the dynamics? The taxpayers win when a ratable stays on the books.
The pension fund got screwed.
.
I hope he brings back the diving horse…