Richard Stockton College has finalized the deal for the former Showboat casino.

The Showboat officilally closed its doors on August 31st. The college purchased the Showboat from Caesar's Entertainment Corp. The new Stockton College will have no casino. The new site will be called Stockton Island College and will feature a hotel and a college campus.

According to the Press of Atlantic City,  A statement issued by the college said they hope to have the hotel operational by late spring 2015. Some summer classes may be offered, with a full academic schedule in place for fall 2015.

Hopefully this will be good news for the north end of the Atlantic City Boardwalk. There is also talk of a new University Park at the north end of the city.