Revel Sold, Won’t Become a University for Geniuses

The dream of a university for geniuses at the failed Revel casino is gone.

At auction this morning, Brookfield Asset Management purchased Revel with a bid of $110 million — besting Florida developer Glenn Straub’s $95 million bid for the property. Brookfield, based in Toronto, describes itself by saying it focuses on “owning and operating assets with a focus on property, renewable energy, infrastructure and private equity.”

Brookfield, which manages almost $200 billion in assets, owns the Hard Rock Hotel in Las Vegas and the Atlantis Paradise Island in the Bahamas. It plans to run Revel as a casino.

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Conservative Metcalfe Criticizes Gov. Corbett

Tom Corbett

If you needed a sign that Gov. Corbett’s re-election hopes appear dim — despite Dave Davies’ attempts to resuscitate them — one metric might be this: The number of high-profile Republicans who appear to be throwing him under the bus these days.

Last week, it was Sen. Dominic Pileggi, who said that one of Corbett’s leading agenda items — preventing a severance tax on natural gas operations in Pennsylvania — was a mistake.

This week, it’s Rep. Daryl Metcalfe, R-Butler, who went on the radio Tuesday with conservative host Chris Stigall and faulted Corbett’s failure to lead.
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Would You Let Your Son Play Football?


So: Are you going to let your son play football?

I’m not. And if you’re like growing numbers of parents, you won’t either: Pop Warner participation rates dropped almost 10 percent between 2010 and 2012. Why? Because we love our sons, and we are worried that the rough, tumble, and hard knocks of a football game might turn their brains into soup.

There’s a name for the soup: CTE, chronic traumatic encephalopathy. It’s a brain-wasting disease notable for producing depression, sharp personality changes, and erratic, even violent behavior among those who suffer from it — and those who suffer from it seem to be disproportionately people who hit and get hit for a living: Football players. I’ve written about it before, noting that it seemed connected to the suicides of Penn lineman Owen Thomas and former Eagles standout Andre Waters, and asking whether it might’ve had anything to do with the murder charges against former Patriots tight end Aaron Hernandez.

It’s worth revisiting now because of three reports that emerged in recent weeks: Read more »

Revel Auction Grinds Into Third Day

Photo | Dan McQuade

Photo | Dan McQuade

Something strange has happened to the shuttered Revel Casino this week: It’s become a hot property.

An auction to sell off the casino will hit its third day today, with no clear winner yet in the bidding between Florida developer Glenn Straub, who wants to create a university for geniuses, and Brookfield Asset Management,  a Canadian company that manages casinos in  Las Vegas and the Bahamas.
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Maverick Senator Calls for Pileggi Ouster

PA Independent, a right-leaning news outfit, reports that State Sen. Scott Wagner, R-York, is calling on his party to boot Senate Majority Leader Dominic Pileggi from his leadership position.

Wagner, a freshman, ran for office promising to challenge the establishment. So he’s making good on that.

Wagner, R-York, wants state Sen. Dominic Pileggi out as majority leader, and he made those sentiments clear in a letter he sent to the Chester County Republican on Friday. Wagner accused Pileggi of blocking legislation that could help Republican Gov. Tom Corbett, shutting fellow Republicans out of negotiations regarding the Philadelphia cigarette tax and protecting private- and public-sector unions.

“The bottom line is this: I have concluded that it is not in the best interest of Pennsylvanians for you to continue as Senate Majority Leader,” Wagner wrote to Pileggi.

Pileggi declined comment, saying he viewed the letter as an internal caucus matter. He did, however, forward Wagner’s letter to every other Republican in the Senate.

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