ATLANTIC CITY, N.J.
Caesars Entertainment Corp. has announced it has begun construction on the largest meeting and conference facility in the Northeast. The project is intended to stimulate new visitation to the market, particularly mid-week.
Caesars plans to use $45 million of funds it previously contributed to the New Jersey Casino Reinvestment Authority and more than $80 million of equity to complete the $125.8 million project.
The 250,000-square-foot facility will have 125,000 square feet to host corporate meetings and events, complementing the Atlantic City Convention Center, which targets conventions and tradeshows. It will offer two 50,000-square-foot column-free ballrooms, each divisible into as many as 27 separate breakout rooms, as well as additional breakout areas, grand promenades and dedicated banquet kitchens and support facilities.
The new facility will be located on the southwest corner of the Harrah’s Atlantic City property, connecting seamlessly to the existing meeting space.
