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AC casino height rules may change

16 February 2007

ATLANTIC CITY, New Jersey – As reported by the Press of Atlantic City: "…City Council is expected to vote next week on a measure that would raise the building height limit for a portion of land bordered by the Boardwalk and New Jersey, Oriental and Metro-politan avenues from 485 to 800 feet.

"The ordinance would also allow any skyscrapers to top out with an extra 100 feet for rooftop decorations or mechanical rooms.

"The 20-acre tract is owned by Morgan Stanley subsidiary Ventura AC LLC, formerly called MS Atlantic City LLC. It is providing some financial support to Revel Entertainment, which announced plans last year to build a casino on the long-barren tract.

"…If built to the maximum allowed, Revel's casino would be the tallest in the state, and one of the top 50 tallest buildings in the nation.

"But Revel chairman and CEO Kevin DeSanctis said it was highly unlikely the final tower would reach that high…"

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