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World's First Airport Unsold as Casino Site
ATLANTIC CITY, NEW JERSEY --
Bader Field in Atlantic City, the first landing strip ever referred to as an airport, has been lying dormant while casino operating companies were expected to bid as much as $1 billion to purchase the space and develop as many as three new casinos. But it looks like the field will remain in stagnation a while longer, as the recession and other factors have so decimated the Atlantic City market that no bidder had emerged for the field by today's deadline.
With area gambling revenues in freefall, several other Atlantic City casino projects have either been cancelled or indefinitely suspended. The city's gaming industry, which has seen bankruptcy and foreclosure dominate the once-prosperous landscape, seems to be more in a contracting state than an expanding one.
Atlantic City Councilman Dennis Mason has kept an eye on the bidding process since it was opened nine months ago, and says not only have there been no bids, he doesn't foresee any in the near future.
"Nothing came in. There's nothing going on in Atlantic City other than Revel," Mason said, mentioning the one casino resort construction project still moving forward.
Mayor Lorenzo Langford claimed there were at least two possible candidates to purchase the land, but he would not name them, or further discuss the airport's future.
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