Unbelievable News! Atlantic City's $2.7 Billion Dollar Transformation!

Big News for Atlantic City NJ! Atlantic City Council has recently approved a 2.7 billion dollar proposal from Deem Enterprises called The Renaissance that includes a private Formula 1 raceway to develop Bader Field. In this video I’m going to share with you a brief history of Bader Field and then dive into the details on this development and what it means for Atlantic City.
Matthew Haviland
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My name is Matthew Haviland. I'm a Realtor based out of South Jersey and my team and I also serve PA and DE. I've been helping home buyers sellers and investors make their dreams come true since 2005. My channel features home tours, community information, new homes and real estate advice. Please subscribe and share my videos. I appreciate the support. Our Mission is that we help people achieve the highest quality of life through buying and selling real estate.
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This video is intended for entertainment purposes only. This information is solely advisory, and should not be substituted for medical, legal, financial or tax advice. Any and all decisions and actions must be done through the advice and counsel of a qualified physician, attorney, financial advisor and/or CPA. We cannot be held responsible for actions you may take without proper medical, financial, legal or tax advice. Information is current at the time of the filming of this video but is subject to change. Contact me to verify any information in the video to ensure that it is still current. Included features and prices are subject to change. Thanks for watching!

[@mzollnerable]

Great information, thank you. I have a brother that lives on brigantine, but he never mentioned this.

[@MattHaviland]

You’re welcome. Thanks for watching

[@TheBigBaryshnikov]

great idea!

[@MattHaviland]

Yes it’s a unique idea. Thanks for watching!

[@divinediva6320]

They already trying to bring Atlantic City back to its heyday!!! We need new homes and shopping area!

[@MattHaviland]

Thanks for your comment! I’m working with a non profit in Atlantic City and they are building new homes and renovating homes in the city.

[@thejollyllama1579]

I'd rather see more concerts here like I did w Phish in 2012. Electric cars are ghey, and so is trying to "reduce carbon footprints"

[@MattHaviland]

Thanks for the comment. I imagine there will still be events there this year. It will take some time before this gets started.

[@thejollyllama1579]

@@MattHaviland Sure, sounds good

[@thejollyllama1579]

@@fu9793 U didn't give anyone a chance to answer

[@TheGoalisSublime]

Thank you, this video was well put together

[@ComicKish]

Will never happen

[@MattHaviland]

We’ll see.

[@rhemy1]

why would they turn the land into private use

[@MattHaviland]

The land currently isn’t being utilized other than a few events per year that happen there. This proposal could help the economy, and also increase tax revenue for the city.

[@rhemy1]

@@MattHaviland any proposal would increase tax revenue for the city because it puts the land to some use. Even a simple beautification project would make it more attractive for regular events. I simply mean, why would they hand over such a valuable piece of land to a group that appears to mainly want to create an enclave for the rich.

[@TheBigBaryshnikov]

​@@rhemy1 Massive majority of AC real estate is extremely low income. AC is desperate to bring in projects that will attract higher income residents and visitors

[@rhemy1]

@@TheBigBaryshnikov so you sell off public land to some rich kids who come to leave in their gated community to race in their expensive cars and then leave? You attract people of higher income by developing a city they want to be in. This means developing something that says the city is dedicated to changing itself in the long term. Shopping restaurants beautiful spaces.

[@thegreat9481]

@@rhemy1how about starting with jobs?

[@ComicKish]

Ac sucks