Revel Power Shutdown could cause Airplanes to crash

The beleaguered history of the Revel Casino continues, with the latest chapter involving a claim that the local power plant will put airplanes and lives at risk by shutting off the power.

Glenn Straub, the Florida real estate developer who purchased Revel for $82 million, is locked in a court battle with the casino’s power provider, ACR Energy. The latter turned off Revel’s electricity on April 9th, just two days after Straub purchased the property. The two sides were then able to reach a deal, whereby the lights would remain on until this week.

However, with the deadline fast approaching, Straub stresses that with no power to the casino and its airplane beacon, sitting atop the 47-story building, planes could come crashing down. Here’s what NorthJersey quoted Straub’s attorney, Glenn Moskovitz, as saying:

“If a single airplane strikes the building because the warning light is not powered, people will lose their lives. If firefighters cannot fight fires in this high-rise building without power, without elevators, the damage is incalculable, possibly resulting in the loss of life of either security personnel or the firefighters themselves.”

Moskovitz is also angry about a previous filing by ACR Energy, which claimed that if Straub used an alternative energy source (i.e. generators) to power the Revel, it would “likely to cause serious human injury or death.”

The previous owners of Revel, who filed Chapter 11 bankruptcy, cited the $3 million monthly bill to ACR as one of their biggest financial struggles. Brookfield Asset Management, which reneged on their $95 million bid to buy the shuttered casino (while losing a $10m deposit), also cited the giant electricity bill as a deterrent. Straub, on the other hand, decided to both purchase the building and take ACR Energy head-on.

“ACR is taking advantage of the fact that they are the sole supplier of energy at the moment to destroy this building, this portion of the Boardwalk, this neighborhood, this city,” wrote Moskovitz. “Either ACR has a right and therefore obligation to provide utilities, or it must get out of the way.”

Straub continues to stress that he’s never signed any long-term contract with ACR Energy, and he merely thinks that the company is taking advantage of the situation. Assuming he can prove his case in court, then Straub will be much further along in his plan to revitalize the property and make something else out of the Revel.