Atlantic City’s long-shuttered Revel casino hotel could reopen this spring after reports that the property has been sold to a Colorado-based developer.

On Monday, Moody’s Investors Service reported that AC Ocean Walk, a subsidiary of TEN RE AC NJ, which is turn majority-owned by Mile High Dice, which is under the control of Colorado developer Bruce Deifik, plans to acquire the shuttered Revel from owner Glenn Straub for $200m.

For the record, this is the third time that Deifik’s group has been linked to a sale of Revel in as many months, following earlier reports in October and again in November, both of which were vehemently denied by Straub. Straub has yet to publicly comment on the Moody’s report and the Press of Atlantic City reported that the Atlantic County Clerk’s Office still doesn’t have an official record of sale on file.

Deifik’s group reportedly plans to spend an additional $175m sprucing up the joint and (presumably) clearing out the rats that will have eaten through the property’s electrical wiring since Revel closed its doors in September 2014.