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As a matter of fact… |
February 1, 2011 |
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by Sarah Stecker, Policy Analyst
The state may not have money to invest in pre-schools and public education, but that isn\’t stopping the Christie administration from gambling on a new luxury casino in its effort to resurrect Atlantic City as a resort destination.
The state Economic Development Authority today staked the troubled Revel Casino project with a $261.4 million Economic Redevelopment and Growth (ERG) grant. The luxury casino got the green light at a special meeting of the EDA in Trenton just moments before Governor Christie signed legislation in Atlantic City that establishes a state-run tourism district and strips the independent Casino Control Commission of its power to regulate gaming. |
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