With significant real estate investments on or near the Boardwalk, and in other less-developed areas of the city, such as the South Inlet, each has, at one time or another, been viewed as a catalyst for renewed outside interest in Atlantic City.

The tax-sale list, posted on the city’s website, is current as of Nov. 16.

In a tax sale, a municipality auctions off the unpaid debt on a property to an investor or group of investors. Those investors then hold a lien against the property to be repaid by the owner.

The state Department of Community Affairs, which oversees the city’s finances, said it expects the tax sale to be successful and to help Atlantic City plug revenue shortfalls.

“Atlantic City will avail itself of a tax sale whereby it can collect the revenue immediately for use and doesn’t have to wait for property owners to pay their outstanding taxes,” said Lisa Ryan, spokeswoman for DCA. “This gives the city budget continuity and financial stability.”

Blatstein owns the Showboat Atlantic City Hotel, Garden Pier and Playground Pier. According to the tax-sale list, Blatstein owes slightly more than $2 million, with nearly $900,000 of those taxes from the Showboat, which he purchased in 2016 for $23 million from Stockton University.