ATLANTIC CITY (January 23, 2019) – The Casino Reinvestment Development Authority will auction off six vacant properties in city’s South Inlet tourism district on Feb. 7.
The six properties up for auction have a total assessed value of $752,000, according to the CRDA. They include 302, 328, 502 Pacific Avenues; 12 and 18 South Rhode Island Avenues; and a 750 square-foot patch of land located on 102 South Victoria Terrace.
The auction will be held at the CRDA offices at 15 South Pennsylvania Avenue at 1 p.m.
The beachfront area features few houses, a newly completed luxury apartment complex and the historic Absecon Lighthouse. The South Inlet’s also features Ocean Resort Casino.
The area is often referred to as “Pauline’s Prairie,” a nickname derived from redevelopment efforts in the 1960s by the city Housing Authority and Urban Redevelopment Agency leader Pauline Hill that razed whole blocks of buildings.
Last March, CRDA auctioned off more than 90 properties in March that netted more than $570,000. The auction included 16 packages, or 84 lots, with developable land and seven packages, or eight lots, of nonconforming lots.