February 3, 2012
Steel Pier renovation, a blending of old and new features, to cost $100 million
Steel Pier, one of the Boardwalk's most storied landmarks, will become a year-round attraction as part of a $100 million makeover that will create new amusement rides and resurrect one famous older-style act - the diving horse.
The multiyear renovation project is being done by a new ownership group, including the Catanoso family that operated the pier under lease for 20 years and acclaimed Las Vegas architect Paul Steelman. The investors began exploring ways to revitalize the fading pier after buying it last August for $4.25 million from casino operator Trump Entertainment Resorts Inc.
