The City Council issued a resolution last week to execute a redevelopment agreement with the Ideal Institute of Technology for the former Press of Atlantic City office building.
The Feb. 6 agreement functionally rezones the property to allow for the operation of a vocational school at the site.
Rick Ginnetti, a consultant for the city, clarified that the agreement did not involve a tax abatement and was exclusively about zoning and city regulatory approvals. He said the developer will submit the construction schedule after receiving the authorization of the Planning Board. Read more from The Press of Atlantic City.