Is that in the best part of town? I thought that a couple of blocks away from the casinos the neighborhood disintegrated.
Outside of the casino area, AC has "always" been disintegrated. The placement of a "luxury resort" and "ghetto" on the same island is very difficult to make work successfully. Approaching impossibility, considering NJ politics. (Call me a pessimist, but I think AC is finally and irreversibly doomed.)
Those neighborhoods disintegrated decades ago. War on Poverty, Urban renewal, etc. (i.e., rule by Democrats).