![]() ![]() ![]() He has grand plans to spend $500 million that he claims will revitalize the city, which is itself skating on the edge of bankruptcy. After a 10-month-long struggle, a bankruptcy judge gave Straub a green light to pay just $82 million for the property, which had cost $2.4 billion to build. Last April, Florida real estate developer Glenn Straub, 69, won the right to buy Revel Atlantic City, a 47-story 6.3-million-square-foot hotel and casino that opened in 2012 and closed in 2014.
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