Overview
- Eustace Mita of ICONA presented updated plans at a press conference and urged approval of a redevelopment designation for the shuttered boardwalk site.
- Councilman Jody Levchuk, who voted no in August, requested the reconsideration, with the vote set for Thursday.
- The Boardwalk Merchants Association said at least four nearby businesses will not return next summer, and at least five more are considering not opening.
- Mita said a hotel is his only project for the property, with projected costs rising to about $170 million and a timeline of six months to break ground and 18 months to finish if approved.
- Two other bids to buy the property remain active, including one from Phil Norcross and another from Ryan Homes, and local leaders say those buyers would pursue townhomes.