Steel Pier Owners Have Listed Attraction for Sale
The historic Atlantic City landmark is currently on the market with an asking price of $85 million.
Updated on Oct. 6, 2026 in Theme Parks
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The Catanoso family and partners have officially listed Atlantic City’s iconic Steel Pier for sale at $85 million. The current owners, who have managed the site since 1993, are looking to exit the business as the next generation has no interest in taking over operations.
Why it matters
The sale marks a significant transition for the century-old attraction, which has been a staple of the city's tourism economy since its original opening. Owners decided to list the property because the current partners are aging and lack family successors to oversee the daily business.
The property spans 1,000 feet in length and 150 feet in width, supported by a riparian grant that extends the pier 2,850 feet into the ocean. The sale includes the entire structure, which has undergone various infrastructure and ride upgrades since 2011.
The players
Catanoso family
This family group has served as the primary ownership entity for Steel Pier for over three decades.
Steel Pier
This historic amusement attraction serves as a major tourist destination located on the Atlantic City coastline.
The details
The ownership group took full control of the pier in 1993 and eventually purchased the property outright in 2011. While the pier is now on the market, the owners have confirmed that the attraction will remain open for the 2027 season if a buyer is not found before then.
Timeline
Steel Pier first opened in 1898.
The owners started a go-kart track on the pier in 1992.
The current ownership group took control of the entire pier in 1993.
The group officially purchased Steel Pier in 2011.
The pier will remain open for the 2027 season if no buyer is found.
Roadmap
The sale of this major landmark follows a long pattern of ownership changes for Atlantic City's waterfront assets. This transition represents a broader shift as aging original stakeholders look to divest from legacy attractions in favor of newer institutional operators.
Visitors to the area should expect no immediate changes to operations as the pier remains open for the 2027 season during the sales process. Tourists can continue to plan trips to the attraction without worrying about near-term closures or reduced access.
The takeaway
The listing of this historic landmark serves as a reminder of the generational turnover occurring in legacy tourism businesses. Prospective visitors can proceed with travel plans as the site continues to operate under its current management during the transition.
What happens next
The ownership group will proceed with standard operating plans for the 2027 season while the property remains on the market.
Further reading
For more information on regional entertainment landmarks, visit the Atlantic City Theme Parks section.
Source note: This article includes information reported by 100.1 WJRZ.
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