- Completion: Ongoing
- Location: Resorts Casino Hotel
- Size: N/A
- Developer: N/A
- Investment: CRDA $9.38 million
Originally approved in November 2014, the CRDA Board granted preliminary determination of project eligibility to provide funding for Resorts Casino Hotel to expand their meeting facilities with 11 new meeting rooms and modernize the property’s Ocean Tower hotel rooms.
At the March 2015 meeting, the CRDA Board voted to modify an earlier agreement with Resorts Casino Hotel that provided a fund reservation of $9.38 million from available and future Investment Alternative Tax (IAT) obligations for a meeting room expansion project and renovation of 310 hotel bathrooms. This modified agreement will allow Resorts to not proceed with the room renovation portion of the project unless future IAT revenues are readily available to Resorts as outlined in the original agreement. The meeting space portion of the project was completed in the summer of 2015.
At the April 2016 meeting, the CRDA Board approved an amendment to extend the completion date for the Resorts Casino Hotel Meeting Room Expansion Project to June 30, 2017. The extension is needed to complete additional upgrades and repairs to hotel rooms. Resorts is finishing this work within its originally approved budget.