America 1919-Chapter 846 - 289, Success of Racing Club_3

Chapter 846: 289, Success of Racing Club_3

As the largest landowner in Atlantic City, as the city developed, the housing prices in Atlantic City also soared rapidly.

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Previously, Miami could still compete with Atlantic City, but the success of the Racing Club completely accelerated the rate of increase in housing prices in Atlantic City to the highest in the United States.

A piece of land that used to sell for less than 100,000 US Dollars can now be sold for 500,000 US Dollars!

That is to say, Nucky’s wealth has increased fivefold!

How could such results not make Nucky happy!

But there’s difference between Atlantic City and Miami. The rise in housing prices in Miami is partly due to the presence of speculators, who engage in real estate flipping and land speculation.

But in Atlantic City.

Some speculative buyers also wanted to come to Atlantic City to do the same as in Miami, but when they arrived, they found no room for them.

In Atlantic City, the land that is available for development, or has been developed, is basically either in the hands of Nucky or in Donnie’s hands. These people simply cannot buy suitable land.

Moreover, at the Atlantic City City Hall, even if there are new lands prepared for development, it is not their turn to purchase. Simply put, by the time they learn of this news, the land has already fallen into Donnie’s hands.

Under such circumstances, naturally, the speculators became disgruntled and began to use their connections to manipulate public opinion outside Atlantic City, speculating about the commercial monopolies of people like Donnie and Nucky in Atlantic City.

And sure enough, such news quickly appeared on newspapers outside New Jersey and gained a lot of support, which led to louder and louder opposing voices.

Such voices were mainly concentrated in Pennsylvania and New York State.

Because these two states border New Jersey, and Pennsylvania’s Philadelphia, New York State’s New York, these are wealthy places where many businessmen, holding a lot of cash, don’t know where to invest.

Now with Atlantic City developing rapidly, these people naturally also want to come to Atlantic City to develop.

But Donnie and Nucky have managed to turn Atlantic City into an impervious fortress, and external funds simply can’t get in. How could this situation not make them anxious!

To cut off someone’s finances is like killing their parents!

In such a situation, even though they knew about Donnie’s influence in Atlantic City, they still wanted to make an effort!

This is not an individual targeting Atlantic City, but rather an impromptu, tacit group of capitalists coming together!

Such a capitalist consortium may not seem as influential as a certain large consortium.

But in reality, their influence is not small, with so many people involved and including hidden large consortiums!

For example, the Kuhn, Loeb & Co. consortium!

When Donnie learned that the Kuhn, Loeb & Co. consortium’s influence was involved in this matter, his expression was somewhat complex, and he was somewhat amused!

Indeed, as you plot against others, they plot against you!

“You still need to take this matter seriously!”

Because of this, Nucky, who had just returned to New York, hurried back.

“Although the Kuhn, Loeb & Co. consortium has been somewhat affected by the previous war, their influence is still there, and obviously, they are now eyeing Atlantic City!”

The Kuhn, Loeb & Co. consortium’s stronghold is in Pennsylvania’s Philadelphia, which is also the largest city closest to Atlantic City.

“The blue-collar workers in Philadelphia are also the main tourists in Atlantic City. If they were to interfere with this matter, it would still be troublesome!”

Nucky earnestly analyzed the current situation for Donnie.

Donnie laughed and said, “You can rest assured on this point. Those blue-collar workers can’t be manipulated by them. He may pay them salaries, but can he control where these people spend their money?

What he wants to do now is nothing more than to make us yield to the pressure of public opinion and open up the business environment in Atlantic City so that they can come in!”

Nucky nodded his head, but was still worried, “But no matter what, this is the Kuhn, Loeb & Co. consortium, and the current public opinion is indeed not very good for us. However, if we open up the business environment in Atlantic City and these people come in, they are sure to challenge our power in Atlantic City!”

Nucky was able to smoothly transfer the power in Atlantic City to Donnie because he knew that after Donnie came to power, he wouldn’t seize his wealth and that Donnie’s ideas on the development of Atlantic City were similar to his own.

But if other consortiums were allowed to enter Atlantic City, whether they would guarantee Nucky’s wealth was uncertain!

“Did you receive any news?”

Donnie asked Nucky.

Nucky nodded, “I have received calls from several state legislators recently; they also admit that the current public opinion pressure is making it difficult for them!”

Donnie frowned slightly and said coldly, “What difficulties do they have? They are sitting in their positions because they were elected by the citizens of New Jersey. The people of New Jersey have no problem with this matter!”

At this point, Donnie understood these people’s motives: “They just see that the development of Atlantic City is getting better and they want more benefits!”

Nucky nodded and did not deny Donnie’s opinion, saying, “Indeed, that’s the case!”

Donnie asked, “Did these people say what they plan to do?”

Nucky shook his head, “That, they did not say. They also understand who has the loudest voice in New Jersey, but we cannot ignore the voice of these people!”

Donnie agreed with Nucky’s analysis, thought for a moment, and then said, “We still need to think carefully about this matter. Let’s decide after I’ve met with Felix Warburg!”

Before Nucky arrived, Donnie had already called Felix Warburg!