The most recent company to take on the challenge of development is Boraie Development LLC. Boraie Development purchased the land for a whopping 1 million dollars from the Atlantic City Housing Authority and Urban Redevelopment Agency. They plan to build an apartment complex on the now vacant plot of land. This could possibly bring more people to the area, which is always an excellent thing. They want to begin construction on this extensive project as soon as this year.
You might be wondering about Boraie Development. They are a company based in New Brunswick, New Jersey. The business is run by VP Wasseem Boraie. They’re one of the most well respected development leaders in the entire state; they certainly appear to be qualified enough to handle the difficult task at hand.
History is repeating itself. The project seems to have taken a turn for the worst, yet again.
The economy in Atlantic City took a hit, losing a total of three casinos. Since then, Atlantic City has been nearly bankrupt. Because of this, conditions certainly don’t seem to be fiscally feasible for construction. This all will depend on a vote and whether or not Governor Christie decides that the funding money would best be put towards paying off the debt. The city has to make a decision by September 30th on whether they want to go ahead with the construction or halt it for now.
Will Pauline’s Prairie thrive again? Even if it doesn’t this time, it certainly seems that a lot of people have taken an interest in it. The door will surely open again, just as it has the past almost half a century. Given enough time, Atlantic City residents just might find their home on Pauline’s Prairie.