February 2012 
There are 10 blog entries for February 2012.
Casino Reinvestment Development Authority approves almost $10 million for initiatives to improve Atlantic City
Tuesday, February 28th, 2012 at 12:29pm. 91 Views, 0 Comments.
Posted: Wednesday, February 22, 2012
By EMILY PREVITI, Staff Writer Press of Atlantic City
ATLANTIC CITY - State officials approved nearly $10 million for initiatives aimed at improving the resort during the New Jersey Casino Reinvestment Development Authority board's meeting Tuesday - its first since the Tourism District Master Plan was adopted earlier this month.
About $1.2 million will pay for 990 trash and recycling bins along the Boardwalk and throughout the rest of the Tourism District. Scheduled to arrive 200 at a time in bi-weekly shipments starting in April, the new canisters feature locked tops - preventing animals from getting into them. They are also designed to allow in less rainfall, which will greatly reduce wastewater that can result from a…
Sales of existing South Jersey Shore Homes rise in January by 4.3%
Tuesday, February 28th, 2012 at 11:56am. 69 Views, 0 Comments.
By ELAINE ROSE Staff Writer Press of Atlantic City
Housing sales increased in January over the same period last year, the National Association of Realtors said Wednesday, with sales of existing homes up 4.3 percent to a seasonally adjusted annual rate of 4.6 million sales.
Sales of single-family homes rose 3.8 percent; the number of first-time homebuyers, a key element for a housing recovery, went up slightly and represented 33 percent of all sales. A healthy market usually shows fir
first-time buyers making up 40 percent of sales.
“Things are actually going well. I’m kind of excited about how the year is starting off,” Anthony D’Alicandro, president of the Atlantic City and County Board of Realtors and owner of Coldwell Banker Casa Bella Realtors in Linwood,…
Online vacation site ranks Wildwood Boardwalk as best in the nation
Saturday, February 25th, 2012 at 11:29am. 932 Views, 0 Comments.
By CAITLIN DINEEN, Staff Writer Press of Atlantic City
Wildwood’s Boardwalk reigned supreme in an online ranking of the best boardwalks in the United States by tourism web site Family Vacation Critic, beating out Coney Island and nine other tourist spots.“Wildwood is one of the most popular and kitschiest boardwalks in the country,” reads the site. “The Doo-Wop architecture evokes a nostalgic, honky-tonk atmosphere along the five-mile, free beach — rated the top beach in New Jersey.”Other boardwalks listed: included Santa Cruz Beach, Chicago Navy Pier, Old Orchard Beach Pier & Boardwalk in Maine, Kemah Boardwalk in Texas, Virginia Beach, Mission Beach Pacific Boardwalk in California, Myrtle Beach in South Carolina, Long Beach Boardwalk in Oregon, and Ocean…Sea Isle City, NJ Polar Bear Plunge Event 2012
Saturday, February 25th, 2012 at 11:12am. 100 Views, 0 Comments.
Video of the Polar Bear Plunge 2012 in Sea Isle City. Watch the mass of people plunge into the atlantic ocean for this very very freezing ritual. February 18, 2012 the temperture was 51 degrees when the participates when in the water at approximately 2pm. The media suggested over 40,000 people were on the beach that afternoon. What a great day for Sea Isle City.
Produced by The Lazarus Team, The Landis Co. Realtors. 609-457-0258, Ian and Rami Lazarus
Sea Isle City, NJ Real Estate Data Report
Thursday, February 16th, 2012 at 3:54pm. 85 Views, 0 Comments.
Cape May County
Sea Isle City
Population in July 2009: 2,914. Population change since 2000: +2.8%
Males: 1,391
(47.8%)
Females: 1,523
(52.2%)
Median resident age:
51.3 years
New Jersey…
Revel Resort to open in Atlantic City April 2
Friday, February 10th, 2012 at 3:25pm. 192 Views, 2 Comments.
By DONALD WITTKOWSKI Staff Writer
The first new Atlantic City casino in nine years will make its much-anticipated debut sooner than expected.
Revel will begin welcoming guests April 2, beginning an eight-week preview that will culminate in a formal grand opening celebration during Memorial Day weekend, the casino announced Thursday.
Developer Revel Entertainment Group LLC said previously that the $2.4 billion megaresort would open for business May 15 but decided to push up the date after construction proceeded weeks ahead of schedule.
Kevin DeSanctis, the casino’s chief executive officer, said slot machines and table games will be ready April 2, but Revel plans to bring hotel rooms, restaurants, pools, nightclubs, retail shops and…
Sea Isle City Polar Bear Plunge Set for February 18, 2012
Thursday, February 9th, 2012 at 7:59pm. 465 Views, 0 Comments.
POLAR BEAR PLUNGE WEEKEND HIGHLIGHTS:
--2012 Polar Bear Plunge Weekend is Friday, Saturday and Sunday, February 17, 18 & 19 (President’s Day Weekend). The Polar Bear Prince, Princess, King and Queen will be crowned on Friday night, the Polar Bear Costume Contest is Saturday at noon, the Plunge itself is Saturday at 2:00 p.m., the Polar Bear 5K Run/1.5-mile Walk for Autism is Sunday at 12:15 p.m. and other activities will take place throughout the weekend (263-3756 or visit www.lacosta-seaisle.com).
--iPad Notebooks will be awarded to each winner of the 2012 Polar Bear Plunge King, Queen, Prince and Princess Contests on February 17 (courtesy of the SIC Chamber of Commerce & Revitalization). Also, the 2012 King and Queen will each receive two round-trip…
Low mortgage interest rates are for people who have a fifth of the home’s cost in cash and a great credit score
Friday, February 3rd, 2012 at 10:27am. 76 Views, 0 Comments.
Posted: Sunday, January 29, 2012
By DEREK HARPER Staff Writer press of Atlantic City0 comments
Homeowners or people looking to buy a house have the chance to take advantage of some of the lowest mortgage rates in history.
But because of the different factors that banks and other lending institutions take into consideration, these rates may be out of reach to many people.
The mortgage giant Freddie Mac said Thursday the average rate on the typical 30-year fixed-rate mortgage was 3.98 percent, down from 4.74 percent a year ago.
Fifteen-year fixed rate mortgages averaged 3.24 percent, down from 4.05 percent the previous year.
The rates may be having an effect on the overall housing market. The National Association of Realtors…
Sea Isle City, NJ plans budget with no tax increase
Friday, February 3rd, 2012 at 9:57am. 71 Views, 0 Comments.
Posted: Thursday, February 2, 2012 5:15 pm
By MICHAEL MILLER, Press of Atlantic City0 comments
SEA ISLE CITY - City Council will vote next month on a $24 million budget that will not raise the local tax rate for the third year in a row.
The city is levying $14.2 million of its budget from taxpayers, up about $100,000 from the previous year.
The budget anticipates collecting about $40,000 more in beach-tag sales than last year's budget after visitors and residents paid $1.2 million in 2011.
Sea Isle anticipates a surplus of $1.4 million, or about $300,000 more than in 2011.
The city was the first municipality in Cape May County to introduce its 2012 budget last month. A public hearing is scheduled for March 13.
CRDA approved Atlantic City Tourism District Master Plan
Thursday, February 2nd, 2012 at 11:29am. 101 Views, 0 Comments.
Atlantic City's newly approved Tourism District Master Plan
ATLANTIC CITY — After a decades-long absence, the internationally known diving horse act will return to the Steel Pier this summer as part of an overhaul approved for a Casino Reinvestment Development Authority loan Wednesday by the agency’s board — moments after the Tourism District Master Plan was adopted.
The CRDA’s $6 million contribution to the $20 million first phase of the Steel Pier improvement project is a prime example of what the Master Plan is intended to help accomplish in Atlantic City: economic recovery and realized potential by playing up — and improving on — its existing attributes and using government support to leverage private investment in the city.
“The…