Plans for AC's former Showboat casino stall

This photo taken on June 27, 2014, shows the exterior of the Showboat Casino Hotel in Atlantic City N.J. (AP Photo/Wayne Parry)

This photo taken on June 27, 2014, shows the exterior of the Showboat Casino Hotel in Atlantic City N.J. (AP Photo/Wayne Parry) (3/25/15)

ATLANTIC CITY - Plans to transform the former Showboat casino into a college campus have stalled.

As News 12 previously reported, Stockton University bought the property for $18 million in December and planned to turn the site into a satellite campus.

The casino's former owner, Caesars Entertainment, and neighboring casino Trump Taj Majal had signed an agreement dating back to 1988, which required the Showboat property be used as a first-class casino resort.

Stockton University says it is trying to work out a deal with Trump Taj Majal.

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