A potential rescue plan is taking shape for the Sheraton Atlantic City Convention Center Hotel, where a threatened closure before the end of the year has raised concerns about the future of the resort's convention business. SouthJerseyNewsBeat.com reports Frank Formica, a member of the Casino Reinvestment Development Authority (CRDA) board, says agency leadership has been working for months on a plan that could bring together state agencies, private investors and local government to keep the hotel operating.
