- 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

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide