Lender agrees to mediation following alleged default by Steel Pier

Posted | Contributed by Jeff

A lender trying to repossess a slew of rides from the Steel Pier has agreed to mediate its dispute with the amusement park, according to a federal court filing. In September, lender Firestone Financial sued to take the Slingshot ride, the 130-foot-tall Fabbri Booster and the Crazy Mouse roller coaster, claiming the pier’s owners owe nearly $1.5 million for a string of loan defaults.

Read more from The Press of Atlantic City.