State officials have approved a plan to convert half of Atlantic City’s Sheraton Hotel into senior apartments, overriding objections from the city’s casinos.
On Tuesday, the Casino Reinvestment Development Authority approved a land‑use request allowing the Sheraton’s owners to convert 130 of the hotel’s 502 rooms into senior housing.
The plan will use state tax incentives to overhaul a property that has struggled with declining bookings for years.
The plan also calls for modernizing 252 other rooms, some of which haven’t been updated in 30 years, according to authority documents reviewed by NJ.com.
Scannapieco Development Corporation, a Philadelphia-based company behind the proposal, presented the plan to the authority late last year, records state.
