VIDEO: Bader Field Auction Falls Short


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.