- Associated Press - Thursday, April 13, 2017

ATLANTIC CITY, N.J. (AP) - New Jersey will help pay for a major amusement ride to come to Atlantic City where the former Sands casino used to sit.

The Press of Atlantic City (https://bit.ly/2obtR8U ) reports the New Jersey Economic Development Authority agreed Thursday to pay nearly 28 percent of the project’s $138 million cost.

ACB Ownership LLC plans to build the ride, called the Polercoaster, near the Boardwalk site once occupied by the Sands before it was torn down in 2007.

The newspaper says the $38.4 million state subsidy will be used to reimburse certain taxes for the project.

The 350-foot-high vertical ride is expected to be open for summer 2019. Construction could begin next month.

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