A local real estate firm wants to replace several vacant lots along Arctic Avenue near Tanger Outlets The Walk with a new luxury apartment building in Atlantic City.
A local real estate firm wants to replace several vacant lots along Arctic Avenue near Tanger Outlets The Walk with a new luxury apartment building in Atlantic City.
ATLANTIC CITY â After years of complaints from residents and business owners, months of public discussion and weeks of policy refinement, city government has finally implemented new regulations on short-term rental properties.
City Council approved two ordinances Wednesday that are intended to balance the rights of short-term rental operators and property owners with the health, safety and general welfare of year-round residents and businesses.
One ordinance amends annual fees, occupancy loads, age limits and parking availability, among other minor revisions, while the other caps the number of short-term rental permits in the Chelsea neighborhood.
City officials said both policy changes are starting points and acknowledged that changes to the new regulations may be needed in the future.