November 20, 2015
The bungled plans by a state university to buy a defunct casino and build a satellite campus in Atlantic City have morphed into a ground-up partnership, according to The Press of Atlantic City.
Stockton University, with its main campus in Galloway Township across the bay from Atlantic City, began its life as in institution in the Chelsea section of the city.
And that’s where it is hoping to return.
The Atlantic City Development Corp., a new independent, not-for-profit organization, plans on opening a college campus in the fall of 2018.
Stockton, South Jersey Industries, a utility supplier that intends to open new office space and additional entities plan to fund the $200 million project.
The campus would be along blocks surrounding Albany Avenue in the Chelsea neighborhood, which is near Ventnor.
The site contains long-empty beach blocks. It would include a 500-student dormitory and academic buildings on the former site of Atlantic City High School.
The school's ill-conceived plan to make Showboat into a campus – thwarted by a deed restriction – should resolve in January when Philly developer Bart Blatstein buys the property for $23 million.