Atlantic City, NJ (May 30, 2019) – To better provide food and nutritional options to Atlantic City residents and families, formal Requests for Proposal (RFPs) have been released for both a grocery store developer and operator as announced by the Casino Reinvestment Development Authority (CRDA).
The proposed site for this project is on land owned by the CRDA and the Atlantic County Improvement Authority (ACIA). The CRDA will give consideration to development proposals and financial arrangements that may include its contribution of real estate and possible financial subsidy to this project, to incentivize the development and operation of a sustainable retail grocery store for Atlantic City residents and the surrounding community.
“The CRDA has stepped up its commitment to Atlantic City and its residents by soliciting requests for proposals for a developer and operator of an Atlantic City grocery store,” said Lieutenant Governor Sheila Oliver.
Both the CRDA and the ACIA are expected to participate in this project through a sale or lease transaction, based on a nominal ground lease rental. The CRDA will select a developer and operator based on criteria outlined in the RFP.
“We are committed to addressing the needs and concerns of Atlantic City residents as outlined in the Johnson Report,” said CRDA Executive Director Matt Doherty. “These RFPs are a sign of CRDA’s ability to refocus and make disciplined, strategic investments to bolster the local economy and better serve this community’s needs.”
The details of both RFPs are available on the CRDA website, www.njcrda.com, or by writing to the CRDA at 15 South Pennsylvania Avenue, Atlantic City, New Jersey 08401. All questions for the RFPs are to be submitted in writing by 4:00 p.m. EPT on July 2, 2019. Submissions are due by 4:00 p.m. EPT on July 23, 2019.
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