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May 28, 2015

Developer in talks to build vertical roller coaster on AC boardwalk

A Florida-based developer is reportedly in talks to bring a major attraction to the Atlantic City boardwalk, Philadelphia Business Journal reports.

Developer Joshua Wallack of Wallack Holdings discussed the construction of a vertical roller coaster and drop tower hybrid with Atlantic City Mayor Don Guardian and Councilman Frank M. Gilliam Jr. on Tuesday.

The attraction would most likely be located on the site of the former Sands Atlantic City casino-hotel, which is currently owned by Pinnacle Atlantic City, said sources, who also said the plan could include leasing about one acre of the 18-acre site.

“We have interest in building an incredible polercoaster on a prime boardwalk site conditioned upon receiving certain economic incentives from local and state authorities, as well as an approved redevelopment plan and any other regulatory approval that we need,” Wallack told Philadelphia Business Journal.

The attraction could open as early as spring 2017.

Wallack is currently developing a $460 million entertainment complex in Orlando.

Read more from Philadelphia Business Journal.