Atlantic City’s Steel Pier sold for $4.25 million!!!!

steel-pier.jpgAndrew Mills/The Star-LedgerThe ferris wheel at Atlantic City’s Steel Pier, with the Trumnp Taj Mahal in the background. It has been sold.

ATLANTIC CITY — Atlantic City’s iconic Steel Pier has been sold for $4.25 million.

The Press of Atlantic City reports Trump Entertainment sold the 113-year-old amusement complex to the Catanoso family, which has leased the pier since 1993. The agreement was announced today.

The family will operate the site as Steel Pier Associates LLC. The sale includes the 1,000-foot pier, its buildings and rights to the Steel Pier name

The Steel Pier has been rebuilt since it was home to a diving horse attraction and the original Miss America Pageant in the early 20th century.

Related coverage:

Atlantic City’s Steel Pier to be put up for auction

Number of visitors to Atlantic City over Memorial Day weekend increases 3 percent

Atlantic City’s Steel Pier will get another summer

 
Related topics: atlantic-city
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About Maria Paulina Pagano

As a Realtor for the last twenty years and a Monmouth County resident for twenty-four years, I have accumulated extensive and invaluable knowledge of the Real Estate Market and Market Trends. Member of Ocean, Monmouth, & Middlesex MLS.
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