Manhattan developer and NJ real estate executives may have winning bid for Revel

North New Jersey news has reported that one of the top NJ real estate executives and a wealthy Manhattan developer may join hands and bid for Revel Casino. The casino is bankrupt and currently for sale in Atlantic City. Howard Milstein and Carl Goldberg are expected to offer more than $82 million, which is the current offer by Glenn Straub. Since the casino is in bankruptcy the US Bankruptcy Court judge will have to decide which bid to approve. The creditors’ attorneys seeking resolution over the bankrupt casino do not think Glenn Straub’s offer will be the winning bid. An announcement was expected Monday March 30, 2015 but by press time nothing had appeared.

Carl Goldberg was chairman of the New Jersey Sports and Exposition Authority from 2003 until 2011. The NJSEA is the landlord for the  Meadowlands Sports Complex.  Howard Milstein is a highly successful real estate developer and  international philanthropist perhaps best known publicly for his 1999 bid to buy the Washington redskins football team.

 

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