Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

Atlantic City Agency Chooses Casino Revitalization Projects

17 September 2001

ATLANTIC CITY, New Jersey –– As reported by the Associated Press: ``The city's Boardwalk, Marina District and other areas will get a dramatic facelift through projects that will replace aging or demolished structures with new restaurants, entertainment venues and retail shops.

``The half-dozen projects, approved by the state Casino Reinvestment Development Authority, will be funded by tax rebates to the casinos under the state's newly created Urban Revitalization Incentive Program.

``The program should help casinos here become more like those in Las Vegas, which draw tourists with spectacular entertainment, fancy restaurants and upscale shops as well as gambling.

``In exchange for getting to use millions in sales and luxury taxes they collect to fund work around their casinos, those whose projects were approved will be required to use $20 million each of their own revenues to fund redevelopment projects in urban areas elsewhere in New Jersey.

``…Communities already picked for revitalization projects include Newark, which will get $20 million worth of redevelopment; Trenton and Camden, $20 million each; New Brunswick and South Amboy, $10 million each; and Wildwood, Vineland, Millville, Bridgeton and Glassboro, which will split $20 million. Another $20 million will go to one or two cities to be chosen soon, Kennedy said…"

< Gaming News