Though you obviously don't agree, smaller or botique hotels might provide that shot in the arm that is needed.
There is no question that A/C is in serious trouble and with all the failed proposed projects of which there are more than one can count, few if any are looking to risk billions for a shot in the dark.

This, not to mention that financial backing for another mega resort at this time would be virtually impossible to get.
Put yourself in the bankers shoes. With the state of the economy, the state of gambling in A/C and all the casinos that are circling A/C like Indians around a Wagon Train would you be willing to invest a billion in a crap shoot?

My opinion is that Revel is in a damn if you do damn if you don't situation. They have come to far to stop as too much is at risk but at the same time the cost of completion and actually opening posts more problems.
As I expressed once before, it would not surprise me if the project gets sold before opening.
I would bet almost anything that had they not begun construction and come as far as they did, they too would pull up stakes.

At one point prior to Borgata opening everyone was optimistic and said the market would grow. Though you most likely view me as the constant naysayer or pessimist I like to think of myself more as a realist while you are the constant optimist
I was of the opinion then that the slices of the pie would only get smaller and they did and this was before the major threat of close by casinos opening.

Remember the post you put up in regards to the Marina being sold and that it would be turned into Margaritaville? At that time I also said don't count your chickens.
I'm not counting mine now

I think that Revel is in a stall in hopes to get that tax break which has already been shot down once and if they don't get it, the property might be sold. Again, that is only MY opinion