Kevin Ortzman, president of Caesars Atlantic City, has
filed a civil action against Bart Blatstein and his company Tower Investments
LLC, calling his plans for The Pier Shops at Caesars "illegal."
In October, news broke that Blatstein was buying the
290,210-square-foot retail center on the Atlantic City boardwalk for $2.5
million.
But in documents filed in Atlantic County Superior Court,
Ortzman asserts that Blatstein has yet to make a payment to Caesars for the
property and said that Blatstein and his team are acting "illegally as
trespassers." That comes despite "public pronouncements" from
the Blatstein group that they are in control of the Pier Shops, even though
they "have no right to occupy, or assert dominion over the property,"
Ortzman asserted.
See Also
Blatstein had scheduled a press conference for Tuesday
Feb. 24 to discuss the Pier Shops project, but that has been postponed until
further notice.
The Pier Shops were set to be Blatstein's first leap into
the Atlantic City market, and he seemed to be getting a deep discount.
Blastein's presence in Atlantic City gave many people
hope for a revitalization of the Pier Shops which have more than its share of
unoccupied stores in what's billed as a high-end mall. Blatstein has said in
the past that he intends to make the property a retail and entertainment
destination.
Ortzman is also the president of Bally's Atlantic City.
He's represented by Russell Lichtenstein of law firm Cooper Levenson. Other
defendants in the case are Pier Renaissance LP; Atlantic Pier Associates LLC;
HQ 13-1 Atlantic Ocean LLC; Torchlight Loan Services LLC.
Source: Philadelphia
Business Journal
No comments:
Post a Comment