Tuesday, December 30, 2014

Probably Should Bring Out The Wrecking Ball

Shut off the utilities, and...
ACR Energy Partners L.L.C., which owns and operates the central utility plant attached to the bankrupt Revel Casino Hotel in Atlantic City, did not have enough money to make a $6.9 million interest payment to bondholders due Dec. 1, according to a regulatory filing.

Because of its money squeeze, ACR now wants to shut off service to the Revel boardwalk complex.