Stockton University will not move forward with the purchase of the property in Atlantic City owned by TJM Properties.
After meeting with the Board of Trustees on Wednesday, Sep. 26, Stockton President Harvey Kesselman said the purchase of the property would not be further pursued at this time.
“We appreciate all the time and hard work that has gone into this effort, and are particularly grateful to TJM properties,” Kesselman said. “Rest assured we remain committed to Atlantic City and expanding our presence there. This is our future and we will continue to try to make the best investments we can there.”
In August, the board authorized Kesselman to move forward with an agreement to purchase the former Atlantic Club site near the new Atlantic City campus, pending a 60 day due-diligence period to evaluate the property and its potential use.