Wells Fargo To Purchase Revel Tax Lien For $26 million, Says AC Mayor

The failed Revel casino has yet to execute a sale of the property. But its outstanding tax bill at least will be bought, at Revel’s typical deep discount. The $32.5 million tax lien against the shuttered Revel casino that failed to sell at a city tax sale this month will be bought by Wells Fargo in a settlement for $26 million, Atlantic City Mayor Don Guardian said Monday.

Read more at http://www.philly.com/philly/blogs/downashore/Wells-Fargo-to-purchase-Revel-tax-lien-for-26-million-says-AC-Mayor.html#b98XQiBDtkW6pUCk.99

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