April 15, 2015
ISSUE | CABLE Wrong signal Both Verizon and Comcast must pay rent to municipalities to do business because their cables must run over public rights-of-way ("3 groups seeking local-access TV revival in Montco," Feb. 22). Part of their rent payment is providing communities with so-called PEG channels: public, educational, and governmental access. Lower Merion Township is considering giving away its public channel to a much smaller township, Radnor. But giving our rent to another landlord makes no sense and does not serve Lower Merion residents at all. |Perry Hamilton, Wynnewood Free the Phillies Now that Comcast's city franchise is being reviewed, part of that process should examine why the satellite companies do not have Comcast SportsNet as part of their programming.
March 25, 2015 |
Gov. Christie may not make an announcement on running for president until early summer, he said Monday on a radio show, during which he also forecast a tough solution for reviving Atlantic City. Christie said on NJ101.5's Ask the Governor that he would announce whether he would run by "late spring or early summer. " Earlier Monday, Texas Republican Sen. Ted Cruz announced that he would run in 2016, becoming the first major candidate to officially enter the race. Christie said it was "very early" in the race, and dismissed any notion that he would have trouble netting commitments from donors if he waited to declare his intentions.
March 15, 2015 |
The bankruptcy case of Atlantic City's Revel Casino Hotel hit another pothole Friday when U.S. Bankruptcy Judge Gloria M. Burns declined to approve the sale of Revel to Florida developer Glenn Straub for $82 million. Burns said from a Camden courtroom that it was not within her jurisdiction to approve the amended sale order because her January order approving the sale to Straub for $95.4 million was under appeal. Burns said she saw two possibilities for the Revel, built for $2.4 billion, which closed in September.
February 28, 2015 |
Kevyn Orr, the restructuring expert appointed by Gov. Christie to help stabilize Atlantic City's finances, told Bloomberg News that it would be inappropriate for him to talk about whether Atlantic City was a "shoo-in" for bankruptcy. "You know, nothing is shoo-in. But first of all I'm not the principal on Atlantic City. Kevin Lavin is the principal. He is the emergency manager. I'm just a counselor, a consultant in Atlantic City," Orr said in a question-and-answer piece published Thursday.
January 31, 2015 |
TRENTON - New Jersey Senate President Stephen Sweeney accused Gov. Christie on Thursday of trying to "force" Atlantic City into bankruptcy, and said he would sue to block such a move. Sweeney (D., Gloucester) criticized Christie's hiring of an emergency manager and a consultant to take charge of the embattled resort. Christie, a Republican considering a run for president in 2016, issued an executive order last week installing Kevin Lavin as emergency manager and tapping Kevyn Orr as a consultant.
January 22, 2015 |
U.S. District Judge Jerome B. Simandle said he expects to rule Wednesday on whether the operators of restaurants, nightclubs, and other venues at the former Revel Casino Hotel will be able to appeal the terms of the bankrupt Atlantic City property's sale to Florida investor Glenn Straub for $95.4 million. "I'm not prepared to rule right now, but it won't be long," Simandle said at the end of a four-hour hearing Tuesday in Camden, acknowledging that whatever he decides, an appeal to the Third Circuit Court of Appeals was likely.
January 18, 2015 |
U.S. District Judge Jerome B. Simandle scheduled an emergency hearing for Tuesday in Camden to hear arguments to block the sale of Atlantic City's Revel Casino Hotel by tenants who spent millions on facilities for the failed casino. Angel Management Group, which spent $16 million to build Revel's popular HQ clubs and Center Bar, appealed a Jan. 8 order by U.S. Bankruptcy Judge Gloria M. Burns that would allow Florida investor Glenn Straub to buy Revel "free and clear of liens, claims, encumbrances, and interests.
January 17, 2015 |
The bankruptcy filing Thursday in Chicago by Caesars Entertainment Corp.'s largest unit includes Caesars and Bally's on the Atlantic City Boardwalk, but not the Harrah's casinos in Chester and Atlantic City. All Caesars properties included in the bankruptcy remain open. "With the overwhelming support of our first-lien bondholders, we are moving forward to implement our previously announced restructuring plan," Caesars chief executive Gary Loveman said. The long-anticipated filing by the Las Vegas gambling giant sets up a jurisdictional fight.
January 8, 2015 |
Carl Icahn blinked in his showdown with Unite Here Local 54 over the threatened closure of Atlantic City's Trump Taj Mahal last month, but new bankruptcy court documents show that the billionaire investor is holding to key demands. Instead of closing the casino, Icahn agreed to provide up to an additional $15 million in loans to keep the Taj Mahal open through bankruptcy. Still, the latest version of Trump Entertainment Resorts Inc.'s bankruptcy plan, filed Monday in Wilmington, says the company will not emerge from bankruptcy unless potential union pension liabilities are kept to a level that Icahn accepts.
January 7, 2015 |
A bankruptcy judge in Camden said Monday that she would approve the sale of Revel AC Inc. for $95.4 million to Florida investor Glenn Straub, rejecting Straub's effort to pay only $87 million. The next step is a sale order, which must be signed by U.S. Bankruptcy Judge Gloria M. Burns, but negotiations over the terms of that order - particularly how concerns of tenants and others will be handled - bogged down during a break. Burns asked attorneys for Revel, Straub, and other parties to work on a sales order to be filed this week, in time to be considered at a Revel hearing scheduled for Thursday.