As Atlantic City continues to suffer an economic free fall, state officials are contemplating turning to the private sector to jump-start development there.
One proposal being reviewed by Gov. Christie and legislative leaders is the creation of a nonprofit development corporation that would help decide what projects to build. That could involve demolishing the shuttered Trump Plaza to create walkable retail and restaurant space and open sight lines, officials said.
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In some cases, Atlantic City's group would work with the Casino Reinvestment Development Authority (CRDA), a state entity that uses casino gaming revenue for development.
In such cases, the public authority could use eminent-domain power to acquire property and then hand it over to the private development group.
Sunday, November 30, 2014
Atlantic City Tried The Communism And That Didn't Work
I guess "private sector" just means whatever we want it to mean these days.