While Pinnacle Entertainment intended to replace it with a $1.5–2 billion casino resort, the company canceled its construction plans and sold the land for $29.5 million.
(meta data) TITLE: Former Sands Casino Hotel site sells for $29.5 million | News | pressofatlanticcity.com (meta data) AUTHOR: Anjalee Khemlani (meta data) PUBLISHER: https://www.facebook.com/PressofAC/ (meta data) PUBLISHED DATETIME: 2013-11-06T10:49:00-05:00 #### #### #### Thank you for Reading. Please purchase a subscription to continue reading. Thank you for reading PressofAtlanticCity.com. If you are a current subscriber you are granted an all-access pass to the website and digital newspaper replica. Please click Sign Up or Login to activate your digital access. If not, please click Sign Up to subscribe and continue to enjoy valuable local news and information, or you can come back at the end of your 30-day period for another 10 free articles. A subscription is required to continue reading. Thank you for reading PressofAtlanticCity.com. Please click Get Started. If you are a current subscriber you are granted an all-access pass to the website and digital newspaper replica. If not, we ask that you purchase a subscription and continue to enjoy valuable local news and information, or you can come back at the end of your 30-day period for another 10 free articles. Your current subscription does not provide access to this content. Sign Up Log In ### Please sign up or sign in Please support local journalism by becoming a digital subscriber or adding digital to your newspaper subscription. If you're already a subscriber, click below to continue. Get Started #### Let's Confirm You're In Our Delivery Area Please confirm you are in our delivery area Zip Code # Former Sands Casino Hotel site sells for $29.5 million By JENNIFER BOGDAN, Staff Writer #### Anjalee Khemlani Nov 6, 2013 Pinnacle Entertainment has sold the former Sands Casino Hotel oceanfront site for $29.5 million. Ben Fogletto #### Anjalee Khemlani You don't have any notifications. Get up-to-the-minute news sent straight to your device. ##### Topics #### Breaking News
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Atlantic City, New Jersey
History.:Modern day challenges.
Nicknamed "The Tunnel Project", Steve Wynn planned the proposed 'Mirage Atlantic City' around the idea that he would connect the $330 million tunnel stretching 2.5 miles (4.0 km) from the Atlantic City Expressway to his new resort. The roadway was later officially named the Atlantic City-Brigantine Connector, and funnels incoming traffic off of the expressway into the city's marina district and the city of Brigantine. 
 Although Wynn's plans for development in the city were scrapped in 2002, the tunnel opened in 2001. The new roadway prompted Boyd Gaming in partnership with MGM/Mirage to build Atlantic City's newest casino. The Borgata opened in July 2003, and its success brought an influx of developers to Atlantic City with plans for building grand Las Vegas style mega casinos to revitalize the aging city. 
 Owing to economic conditions and the late 2000s recession, many of the proposed mega casinos never went further than the initial planning stages. One of these developers was Pinnacle Entertainment, who purchased the Sands Atlantic City for $250-$270 million, closed it in November 11, 2006 with plans to replace it with a larger casino. The following year, the resort was demolished in a dramatic, Las Vegas styled implosion, the first of its kind in Atlantic City.