The $2.7 billion development proposal was given a green light Wednesday night.
A $2.7 billion development proposal to transform a former Atlantic City airport into a Formula 1 racetrack with condominiums and retail businesses was given a green light Wednesday night by the city council.
The project would include a 2.44-mile Formula 1 specification only motor course surrounded by hundreds of condominiums and retail/commercial establishments, according to Greater Atlantic City Chamber.
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