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Tag: DEEM Enterprises LLC
$2.7B Project Will Turn Old Atlantic City Airport Into Formula 1 Racetrack
A $2.7 billion development project is set to turn an old Atlantic City airport into a Formula 1 racetrack with condos and stores, officials said.
Atlantic City Council gave the go-ahead, by an 8-0 vote, to the project to redevelop Bader Field during a meeting on Wednesday, March 22.
Mayor Marty Small Sr. held a ceremony to sign the Memorandum of Understanding with the project's developer, DEEM Enterprises LLC, at Bader Field on Thursday, March 23.
"Not only is it a great day, it's a historic day," Small said. "This has been a long time coming."
It will give taxpayers relief, and redu…
