Atlantic City’s government officials are facing state intervention because of a budget deficit – which is why it hurts the city more to have half of Casino Reinvestment Development Authority-owned land sitting idle. With no construction date in sight or even a project assigned, the parcels of land are leaving Atlantic City with much untaxable land. CRDA has 139 parcels of Read full article »
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Atlantic City Hilton Casino Resort For Receivership?
The Atlantic City Hilton Casino Resort has not been able to weather the economic downfall and has failed to make necessary payments. Thus, it might be forced into receivership and sold by the trustee of its mortgage holder. This is according to papers filed in the U.S. District at Camden, New Jersey on Wednesday. The casino hotel has not made payments Read full article »
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