ATLANTIC CITY, NJ – Investor Bart Blatstein, a Philadelphia developer that tuns the Showboat Hotel in Atlantic City said today he is investing $100,000,000 into building a new indoor, year-round water park next to the former casino. Blatstein operates the casino without gambling and on Tuesday applied for a tax credit with the State of New Jersey to get water moving in the right direction. Showboat is hoping that the waterpark will draw more families to Atlantic City, which has been struggling to attract the family crowds for decades.
“Atlantic City does not have a family market,” he said. “This will open up a whole new market that doesn’t exist.”
The waterpark will be built in the parking lot between the nearby Ocean Casino Resort and the Showboat Hotel.