ATLANTIC CITY, NJ (November 20, 2018) – At its monthly Board Meeting today, the Casino Reinvestment Development Authority Board of Directors approved 2019 budgets for Meet AC, the Convention Center Division and CRDA operations.
The CRDA 2019 budget contains increased investments in Atlantic City directly in line with Governor Murphy’s vision for a new prosperity for the resort as outlined in the Johnson Report.
- Funding the Atlantic City Project Office which will coordinate and execute the new initiatives for and investments in Atlantic City
- Providing Class II police officers for Atlantic and Pacific Avenues,
- Continuing the safe and clean investments through the Special Improvement District
- Investing in a new streetscape for the revitalizing Tennessee Avenue neighborhood to continue to attract private investment
- Allocating funding for destination leisure marketing initiatives
A rise in revenue will also allow for an increase in the Meet AC budget, the CRDA funded organization charged with attracting conventions and business meetings to the resort. The nearly $8 million investment in marketing and selling Atlantic City to conventions generates a dramatic return on investment for the City.
“The budget actions we are taking reflect sound business practices and a commitment to fulfilling Governor Murphy’s vision for a new prosperity in Atlantic City,” stated CRDA Chairman Robert Mulcahy. “The CRDA and State are delivering on quality of life improvements while also encouraging greater private investment”.
“Keeping the CRDA on firm financial foundation allows us to continue to fund meaningful community projects while engaging potential new investors in attractions and events,” added CRDA Executive Director Matthew Doherty.
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