$2.7B Project Will Turn Old Atlantic City Airport Into Formula 1 Racetrack
A $2.7 billion development project is set to turn an old Atlantic City airport into a Formula 1 racetrack with condos and stores, officials said.
Atlantic City Council gave the go-ahead, by an 8-0 vote, to the project to redevelop Bader Field during a meeting on Wednesday, March 22.
Mayor Marty Small Sr. held a ceremony to sign the Memorandum of Understanding with the project's developer, DEEM Enterprises LLC, at Bader Field on Thursday, March 23.
"Not only is it a great day, it's a historic day," Small said. "This has been a long time coming."
It will give taxpayers relief, and redu…
Former FBI Agent From Maryland Convicted Of Bribery, Conspiracy Scheme With DC Realtor
A former FBI agent and real estate developer have been convicted of federal bribery and conspiracy charges, the Department of Justice announced.
The former agent, David Paitsel, 41, of Upper Marlboro in Maryland, and Brian Bailey, 52, a real estate developer formerly based in Washington, DC, were found guilty following a trial in the US District Court for the District of Columbia, according to officials.
Specifically, Bailey was found guilty of two counts of bribery and two counts of conspiracy for giving thousands of dollars in bribes to a program specialist with the District of Columbia D…
