The Death and Life of Atlantic City
Nick Paumgarten writes about the New Jersey city and Revel, the casino that was supposed to turn things around.
"Revel," some noted, "is 'lever' spelled backward." Morgan Stanley sank $2.4 billion into the most expensive private construction project in New Jersey history. Hauke, nearby, sold takeout to construction crews from his Section 8 building. His regular customers: "shitbags, crackheads, hustlers, and pimps."