Ex-lender Offers $300k To Get Revel Fire Systems Back Online

The fire department says battling a blaze there without water or electricity to get firefighters to upper floors would be nearly impossible. At issue is a literal power struggle between Straub's Polo North Country Club and the utility company, ACR Energy Partners, that is the building's sole supplier of electricity, water, heat and air conditioning. Wells Fargo's offer is contingent on ACR providing two weeks of electricity at the utility's cost, and that Straub agree to use that power to re-energize fire detection and suppression systems inside Revel, make sure an aircraft warning light at the top of the 710-foot-tall building is working, and provide perimeter lighting around the property.

 

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