VIDEO: Bader Field Auction Falls Short

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Atlantic City's Bader Field is not bringing in as much at auction as the city had hoped. The highest bid for the former airport was only a third of what the city had originally set as a minimum.
Auctioneer Max Spann said that $50 million was the highest of two bids that the city is reviewing.
While a minimum bid of $155 million dollars was originally set, the city later decided against a minimum, but Mayor Don Guardian said that the city couldn't take a bid of less than $100 million seriously.
City officials hoped the sale of the 143-acre site would help it pay down debt and expenses as the city tries to get its finances in order to avoid a state takeover.