[quote=FlyerInHi]The Revel casino in Atlantic City cost $2.4 billion to build. It was auctioned off for about $95 million (bidder is suing to have the price lowered).
New Jersey’s pension system has $300 million in it.
Chris Christie gave the casino $260 in tax rebates. Plus there was another loan for $40 million.
Total from the state at least $600 million.
That said, the value of a property is what buyers are willing and able to pay at any point in time. Peak valuation has no bearing on present value.[/quote]
