Kushner Properties plans 180 townhomes near Absecon Inlet

Energy demand is increasing while the number of power plants in operation is declining, raising concerns about potential power shortages and higher rates for consumers, according to PPL Electric Utilities. The imbalance between supply and demand has become a critical issue as the utility prepares for 2025. Meanwhile, Jared Kushner's company is making a significant investment in Atlantic City, acquiring a seven-acre plot for $2 million intended for the construction of 180 townhomes, which will cater to a market starting at $500,000. This project comes amidst efforts to revitalize the area, although previous plans for the site have failed. The development is viewed as a hopeful sign for the local economy, which is grappling with various challenges, including a lack of essential services like grocery stores. Overall, these developments highlight both the opportunities and difficulties facing Atlantic City and the surrounding regions.