The development team behind what would be Morristown’s first new hotel in more than 35 years is now making its case to local officials, appearing before the town’s planning board for the first time last week.
Hospitality & Tourism
Whether it’s the proximity to New York City or all of the tourist attractions that New Jersey has to offer, the Garden State’s hospitality industry is booming. Hotels are increasingly becoming part of major redevelopment projects.
Atlantic City real estate values plunge amid resort’s struggles
THE RUNDOWN: Like its gaming revenue, property values in Atlantic City have plummeted over much of the past decade. That’s according to a new story by The Press Atlantic City, which found that total property assessments in the city have fallen from more than $20 million in 2008 to roughly $7 million today.
