The investors who want to build a $2.7 billion, car-centric community on Bader Field would pay the city $115 million for the site and make about $350 million in infrastructure improvements before beginning construction on housing and a 2.4-mile-track for high-performance cars.
The group would also clean up an underground plume of old aviation fuel and fuel from a former public works site at Bader Field and cap it, said DEEM Enterprises Principal Kevin Dixon, of Dixon Associates Engineering, during a Thursday meeting of The Press of Atlantic City’s editorial board.
DEEM would include a reverter clause in any development contract so the land would return to the city if the project falls through, said Atlantic City attorney Dan Gallagher, who represents DEEM. Read more from The Press of Atlantic City.