After a previous agreement fell through, Florida developer Glenn Straub has reportedly struck a deal to purchase Revel Casino in Atlantic City - at a lower price.
The Press of Atlantic City reported Tuesday that the sale price was $82 million, despite a Feb. 19 federal court ruling that canceled a $95.4 million deal with Straub.
The former deal fell apart mainly due to issues with current tenants.
Straub wishes to develop the casino into a water park. The purchase will happen by March 31, according to court documents.
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