"If you rely on tourism, you want bright lights," he said. "All the promotional shots of Las Vegas are at night with the lights on. Darkness is almost the antithesis of entertainment."
Posner envisions Revel succeeding as a top-flight corporate center, possibly with a mix of retail and residential uses. The building, with a slanted roof and giant ball on top, "is the most interesting structure that was built in the Eastern U.S. in the last decade," he said.
Revel is still talking with potential buyers, hoping to sell the property even after the casino shuts its hotel on Sept. 1 and its casino the next morning.
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The Showboat could work for someone who resurrects its House of Blues nightclub and concert space to create entertainment-themed rental units, Posner said. But Trump Plaza may need to be razed.
"The land may be worth more than the building that's on it," he said. "With the success of the Walk's shopping nearby, you might extend that shopping corridor right down to the Boardwalk."
Once the casinos close, they will still have to be maintained, the grass cut and grounds kept clean, just like any vacant home or storefront. Since its Jan. 13 closing, the Atlantic Club has been mostly dark, except for a few external lights and blinkers that act as warnings to airplanes.