Query: What happened to the Sands Atlantic City a year after it closed?
Context: One of these developers was Pinnacle Entertainment, who purchased the Sands Atlantic City, only to close it permanently November 11, 2006. The following year, the resort was demolished in a dramatic, Las Vegas styled implosion, the first of its kind in Atlantic City. While Pinnacle Entertainment intended to replace it with a $1.5–2 billion casino resort, the company canceled its construction plans and plans to sell the land.