The Fight to Save Atlantic City
J Thoendell stashed this in Business
Mike Hauke opened a pizza and sub shop in Atlantic City in 2009, but only after he had failed in nine tries to rent the space to somebody else. He had bought the building three years earlier on the advice of his father, an accountant who considered distressed real estate a smart long-term bet. This piece of real estate seemed to test the proposition. It was a bedraggled three-story clapboard house that years of neighborhood demolition and neglect had stranded at the edge of several mostly vacant blocks, which together formed an urban badlands reaching all the way to the dunes.