Contact: David Zuba, Publicist, Media Relations/Communications
ATLANTIC CITY, NJ – (Thursday, October 22, 2015) – The Board of the New Jersey Casino Reinvestment Development Authority (CRDA) at its recent meeting approved an amendment to a prior agreement that will bring a popular sporting event to Atlantic City for the next three years.
The Board agreed to amend its original five-year deal, which provided a fund reservation in an amount not to exceed $750,000 to host the Challenge Atlantic City Triathlon, with A Vigo and DelMoSports and Entertainment, LLC. The revised agreement will reallocate the remaining $184,890.40 of funding to support the newly-formed Maximus Productions, LLC, which is owned by Mr. Stephen Del Monte, and its plan to bring the Ironman Atlantic City 70.3 event to the city in 2016, 2017 and 2018.
“We are excited to continue our relationship with Mr. Del Monte and we look forward to bringing the Ironman event to Atlantic City over the next three years,” said CRDA Executive Director John Palmieri.
The Ironman Atlantic City 70.3 will encompass a total of 70.3 miles – a 1.2 mile swim, 56 mile bike ride and a 13.1 mile run. The plan behind the Ironman event is to continue bringing a world-class triathlon to Atlantic City while attracting more visitors to the city and selling thousands of additional hotel room nights.
In other news, the Board also approved four city residents to serve a two-year term as a member of the Atlantic City Tourism District Advisory Commission (ACTDAC). Three residents, Stephanie Segal Miller, Colleen Price and Mary Ellen Solano are first time members while Vladislav Z. Stankovic is returning for his second term. The ACTDAC consists of 10 members representing the casino industry, the Greater Atlantic City Chamber of Commerce, Atlantic County, City of Atlantic City, the CRDA and five city resident members.
Also, the CRDA Board approved an amendment to the redevelopment plan for the former Atlantic Club property. This amended plan, which was approved by the City of Atlantic City’s Planning Board on September 2nd, expands the redevelopment area by adding adjacent parcels of land for possible future development.
Board actions will take effect following the expiration of the Governor’s statutory review period.
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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.
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