Atlantic City to sell airstrip to water utility, meet emergency loan terms

ATLANTIC CITY, N.J. (Reuters) - Atlantic City, New Jersey’s cash-strapped gambling resort, voted on Wednesday to sell a defunct airstrip to its water utility for $110 million and present a five-year recovery plan ahead of schedule, in an effort to avoid a state takeover of the city.

from Reuters: U.S. http://ift.tt/2dBf7Ox