Bader Field Apparently Bad for Business

 

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Bader Field hasn't seen a plane in quite some time -- it may be even longer until it sees any kind of development.

 

Bader Field in Click here Click hereand was supposed to sell for $1 billion or more.

The potential was so high that A.C. turned down about a $900 million offer in January 2008 so that other prospective buyers could enter their bids to build at the old airport.

But when the deadline passed on Tuesday, not only did the site not fetch a higher bid, but no one even submitted a proposal to build on the site, Click here. 

“Nothing came in. There's nothing going on in Atlantic City other than Revel,” Click here said, talking about the only on-going casino project in the city.

The chief operating officer of Click here, the company that submitted the $800 million offer, called the 143-acre airport “a death spiral,” Click here.

The Click here closed Bader Field on September 30, after almost a century of use. The land could potentially hold three new casinos and could be the key to the future of Atlantic City after new slots in Pennsylvania and New York caused three-straight years of lower revenue.

But all hope was not lost. Mayor Click here was supposedly in talks with two developers who may be interested in the old airfield.

A spokesman said the mayor would not discuss plans for the land until Wednesday,