Today at the monthly CRDA; Casino Reinvestment Development Authority meeting, the body approved the Atlantic City Planning Board’s plan to repurpose the former Atlantic Club. Endeavor Property Group, lead by Peter Monaghan, is looking to transform the shuttered casino and its surrounding properties at Sovereign Avenue, Pacific Avenue and the Boardwalk. The Atlantic Club property was once owned by Golden Nugget and Hilton.
Endeavor Property Group is planning for family-friendly resort with recreation and entertainment attractions like a waterpark, beach bar, restaurants and upgraded hotel rooms.
>> $125,000 was ok’d to complete the demolition of vacant buildings/eyesores along the Black Horse Pike as part of the Route 40 Corridor Redevelopment Project. The CRDA previously funded this demolition through a grant agreement with the Township of Egg Harbor. EHT’s Peter Miller was in attendance and said the project would be completed by AUG. 1, 2015.
“This stretch of roadway is one of three main corridors that our visitors and residents use to enter Atlantic City,” said CRDA chief; John Palmieri. “It’s very important that we do what we can to ensure this corridor is clean, safe and visually appealing.”
WATCH VIDEO > NBC-10 Story on Motel Demolition.
>> Funding was approved for 13 entertainment grants in 2015.
- The Atlantic City Airshow
- Seafood Festival
- Armed Forces Parade
- Atlantic City Marathon & Atlantic City Triathlon
- Kentucky Avenue Festival
- Atlantic City Ballet on the Boardwalk & Monday Matinees
- Bangladesh Mela & India Day Mela Parade
- Jazz on the Beach Concert Series
- My Motorcycle Life
- Ripley’s Summer Entertainment Series
ABOUT THE CRDA > Casino Reinvestment Development Authority. The only agency of its kind nationwide, the CRDA has used Atlantic City casino reinvestments as a catalyst for meaningful, positive improvement in the lives of New Jersey residents, investing nearly $2 billion in more than 400 projects statewide since 1984.
Under the 2011 Tourism District Act, CRDA’s mission evolved from statewide projects to becoming the state’s key economic development agency for Atlantic City. CRDA responsibilities expanded to include land use regulation, clean and safe initiatives, tourism marketing, ownership and oversight of the Atlantic City Convention Center and Boardwalk Hall, and partnership with the Atlantic City Alliance to brand and market Atlantic City.
The former ACCVA, now a division of CRDA, is the first destination marketing organization in New Jersey to achieve prestigious Destination Marketing Accreditation by the Destination Marketing Association International.