A brewing company will relocate to Atlantic City from southeastern Pennsylvania with the help of nearly $1.1 million in tax credits from the state Economic Development Authority.
The state Economic Development Authority last month unveiled two new funding tools aimed at helping street-level retail and downtown businesses in Passaic, Trenton, Paterson, Camden and Atlantic City.
Two of the candidates in this year’s gubernatorial election would look to scale back or reconfigure the state’s development and business incentives, while three others appear ready to continue the existing programs as a way to extend the growth of New Jersey’s economy.
Investor Carl Icahn has agreed to sell the shuttered Trump Taj Mahal casino to Hard Rock International and two New Jersey real estate families, the buyers said, under a $300 million plan to acquire, renovate and reopen the Atlantic City gaming hall.
Billionaire investor Carl Icahn, seemingly frustrated by legislation that would have stripped him of his casino license, says he will sell the shuttered Trump Taj Mahal in Atlantic City.
The owner of the shuttered Trump Taj Mahal in Atlantic City is reportedly seeking to give up its gaming license, a move that comes as lawmakers push to impose a five-year suspension on the operator in the wake of the casino’s closure.
A bill that is headed to Gov. Chris Christie’s desk would impose a five-year casino license suspension on billionaire investor Carl Icahn, who owns the shuttered Trump Taj Mahal in Atlantic City.
A state authority that redirects casino tax revenue into Atlantic City development projects is set to lose what has been a lucrative funding source for more than 30 years, raising questions about what its mission will be going forward.
A developer has proposed building a 21-unit residential complex at what is now a repair shop in Jersey City’s Heights section, according to a published report.
