CRDA Auctions Off Vacant Properties in Atlantic CityLast Edited:
Vacant properties in Atlantic City were up for sale today to the highest bidders.
On the afternoon of Thursday, February 7th, the Casino Reinvestment Development Authority (CRDA) held an auction of vacant land it owns throughout the city.
The auction featured six properties located within the Tourism District in the city in various residential and commercial zoning districts.
Officials say that while today's auction's properties were small, there are still larger possibilities for development in the city.
"There are other lands owned by the CRDA that are in larger chunks that are really ideal for development so we're going to be putting those out for RFP — Request for Proposal — to hopefully get a developer interested in those tracts of land," said Director of Planning and Development for the CRDA, Lance Landgraf.
For more information, visit njcrda.com.
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