![]() ![]() The project's budget is roughly $100 million.īlatstein, the CEO of real estate firm Tower Investments, is also currently developing several other projects in South Philly. The decision entitles the water park to an annual rebate of up to $2.5 million in sales tax and grants the park tax breaks on construction materials used to build it. The agency designated the park an "entertainment retail district" during a meeting Tuesday. ![]() ![]() The park is on track to break ground in 2021, thanks to a 20-year tax break granted by New Jersey's Casino Reinvestment Development Authority, according to the Inquirer. Dead whale buried on LBI beach because frozen carcass too difficult to removeīlatstein's is one of several water parks proposed for the city in an effort to make Atlantic City more family-friendly, according to the AP.Record numbers travel for Christmas holiday despite COVID warnings, Thanksgiving surge.Philly police, city were 'simply not prepared' for George Floyd protests, audit finds.The South Jersey water park will be located next to the former Showboat casino, which Blatstein converted into a non-gambling hotel in 2016 after its temporary closure two years earlier. Bart Blatstein, the real estate developer behind several other Philly-area projects, is building a new indoor water park in Atlantic City that is planned to open next year. ![]()
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