The Fox Manor Hotel on Pacific Ave was the “Honeymoon Hotel of Atlantic City.” That was back in the 40’s and 50’s. Today, it’s another example of how the CRDA feels about non-casino property in Atlantic City. The Fox Manor may feature bed bugs, drug dealers and other undesirables. It sits in the shadows of […]
History of Fox Manor & CRDA’s Mis-Management of Tourism District Read More »
Is the Atlantic City Casino PILOT deal, a bad bet for local and county taxpayers? Will Judge Julio Mendez call that sweet, 10 year tax break for Atlantic City casinos… unconstitutional? Most hope so. The PILOT (payment in lieu of taxes) ignores the NJ Constitution requiring that all tax rules be applied equally to everyone.
Court Update on Troubling Atlantic City Casino PILOT Tax Deal Read More »
So, just how much of that controversial $5mil MGM Atlantic City Endowment Fund was actually put to good use? Apparently, not much. Most of those dollars have been connected to questionable allocations. In the final minutes of his only term, Mayor Don Guardian wants one last crack at spending AC money: the MGM/AC Endowment fund’s remaining $1.32 million.
The CRDA Land-Use division heard Hard Rock’s plans for a combo gas station, car wash convenience store. It’s all part of the proposed redevelopment of the closed Trump Taj Mahal. The hearing took place on Dec 21, at the CRDA’s Pennsylvania Avenue office. Rockstop Gas & Wash, on the Hard Rock property: Open 24 hours
Hard Rock Presents Gas Station Plans to CRDA Land Use Board. Read More »
From Steve Norton, Veteran casino executive & Chairman/CEO at Norton Management LLC: Online gaming works in New Jersey because 95% of the State’s population lives closer to gaming in neighboring states, and have reduced their play in Atlantic City, in favor of casinos and race track slots in PA, DE, MD and NY. New Jersey does well with
Norton on Gaming: Atlantic City’s Odds of Recovery & Re-invention Read More »
The infamous PILOT bill is finally being challenged. Liberty & Prosperity, a constitutional advocacy group lead by Seth Grossman, has teamed up with Atlantic County Exec Denny Levinson. Both sides presented arguments in front of Superior Court Judge Mendez on Nov 30. Both are convinced that the PILOT is un-constitutional. Grossman, a Somers Point attorney and former Atlantic City councilman, refers to the
Levinson & Grossman Challenging Constitutionality of PILOT Bill Read More »
Watch video clips, and see our notes and commentary from the recent CRDA meeting of Nov. 21. City Council of Atlantic City meetings are well-attended. Residents voice their opinions, ask questions, and point fingers during public comment. It often gets quite spirited as taxpayers hold the Mayor and 9 council members accountable for their actions.
CRDA Says $10.5 Million Lobby Upgrade to Boardwalk Hall is Smart Investment. Really. Read More »
There is little doubt that the Hard Rock casino will take some casino play from the Atlantic City casinos still operating. But with an experienced company marketing and running the 2,000 room property, the overall market in AC will also grow. The MGM in Springfield should have no impact on the AC market; but the
The Impact of Hard Rock on Atlantic City Read More »
Congratulations to Atlantic City Mayor-Elect Frank Gilliam, and welcome to a casino resort trying to rebound from too much gaming competition. I was fortunate enough to be part of the birth of Eastern America’s first casino resort, and it was an amazing time. At Resorts International, we purchased and ran the Chalfonte-Haddon Hall Hotel for
How to Improve Atlantic City, by Steve Norton. Read More »
New York-based investment firm, Keating & Associates LLC reportedly has acquired the development rights to a site next to former Revel in Atlantic City. A few weeks back, Keating & Associates made an offer of $225 million to acquire REVEL, which Glenn Straub purchased for $83 million in 2015. Straub says no way. Keating wants
Atlantic City Casino & Gaming Business, Revenue Flat. Read More »