- Associated Press - Thursday, July 14, 2016

ATLANTIC CITY, N.J. (AP) - Officials in Atlantic City are delaying the auction of the former Bader Field airport.

The City Council on Wednesday postponed the sealed-bid auction a day before bids for the former airport were due. The new deadline is Aug. 4.

The Press of Atlantic City reports (https://bit.ly/29EaDRK ) Council President Marty Small said he believes it wasn’t advertised correctly.

City officials hope the sale of the 143-acre site will provide cash to pay down the city’s debt and expenses as it faces a deadline to get its finances in order by the end of the year or face a state takeover.

The city initially set a $155 million minimum bid for the property before requesting sealed bids.


Information from: The Press of Atlantic City (N.J.), https://www.pressofatlanticcity.com

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