Enter your number to get our free mobile app
Gillian s, the 91-year-old, third generation family amusement pier at 6th Street on the Ocean City Boardwalk is owned by Ocean City Mayor Jay Gillian and his wife, Michelle.
According to Ted Greenberg s report on NBC10, court records in state Superior Court s Office of Foreclosure show that the Gillians owe First Priority Bank about $8 million in mortgage debt On Wonderland Pier.
Judge Michael J. Blee ordered Jan. 21 that the property be put up for auction in order to satisfy the debt.
In a statement, Gillian told NBC10 that he had found new financing and that the venerable amusement pier would not be going up for auction and would be open as usual for summer 2021.
Enter your number to get our free mobile app
Gillian s, the 91-year-old, third generation family amusement pier at 6th Street on the Ocean City Boardwalk is owned by Ocean City Mayor Jay Gillian and his wife, Michelle.
According to Ted Greenberg s report on NBC10, court records in state Superior Court s Office of Foreclosure show that the Gillians owe First Priority Bank about $8 million in mortgage debt On Wonderland Pier.
Judge Michael J. Blee ordered Jan. 21 that the property be put up for auction in order to satisfy the debt.
In a statement, Gillian told NBC10 that he had found new financing and that the venerable amusement pier would not be going up for auction and would be open as usual for summer 2021.
Ocean City boardwalk pier forced into auction over $8M debt. Mayor who owns it vows to stay in business.
Updated Jan 26, 2021;
Facebook Share
A popular seaside attraction owned by the mayor of Ocean City is in foreclosure and is scheduled to be auctioned at a sheriff sale, according to a court filing this month.
Gillian’s Wonderland Pier, filled with kiddie rides and other attractions, has been a landmark on the Ocean City Boardwalk for generations.
Mayor Jay Gillian has defaulted on more than $8 million in debt for the property and the creditors, First Priority Bank, have won an action to collect, according to filings in Superior Court of New Jersey.