"Despite having had many months to contract for a long-term energy supply and arrange for the necessary heat to prevent the pipes in the Revel complex from freezing, Polo North has waited until the eve of winter to concoct a temporary heating plan that both unequivocally uses ACR's equipment without authorization and threatens that equipment," the utility wrote in a court filing.
And that's not all: Bank of New York Mellon is asking a judge to order Straub's Polo North Country Club to pay $1 million in back electric bills to ACR.
Both matters will be the subject of federal court hearings on Nov. 24.
So far, Straub has sunk well over $100 million into Revel, with very little to show for it.
In case you had forgotten.
Christie’s advisers say he has tried to make the best of a very bad situation. By the time he took office in January 2010, Revel was half-built on the boardwalk, a hulking mass of steel that was losing its financing. Morgan Stanley decided to take a nearly $1 billion loss on the project rather than spending more than $1 billion more to finish the project. One option was to halt construction — leaving an unfinished project looming over a boardwalk already struggling with blight.
Instead, Christie’s administration pushed forward and found new investors by early 2011, luring them with the promise of up to $261 million in tax incentives.