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Atlantic City

NEWS
May 4, 2016 | By Amy S. Rosenberg and Andrew Seidman, STAFF WRITERS
Though he said Atlantic City is financially "running on fumes," Mayor Don Guardian said the city managed to make a $1.8 million interest payment due Monday on 2012 municipal bonds and avoid becoming the first New Jersey town to default since the 1930s. The payment was wired at 10 a.m., Guardian said at a news conference shortly thereafter, and covers interest on bonds sold for funding to pay back casinos that successfully appealed their taxes. Guardian said the city has about $7 million on hand, but is getting about $1.5 million daily as May quarterly taxes come in. Residents and businesses have until next Tuesday to pay before penalties kick in, and Guardian said he expected many businesses, including casinos, to wait until then.
NEWS
May 2, 2016 | By Amy S. Rosenberg, Staff Writer
ATLANTIC CITY - The ad came over the radio airwaves like an unseen volley from afar: "You've got to wonder what Assemblyman Chris Brown is thinking . . . " Actually, listeners of WOND 1400AM talk radio didn't have to wonder, because Brown is a frequent guest on the station. And the origins of the ad did not remain a mystery for long: Its super PAC sponsor, the Turnout Project out of Washington, D.C., was quickly outed as tied to the influential web of South Jersey Democratic power-broker George Norcross, who backs a state takeover of Atlantic City that Brown is resisting.
NEWS
April 29, 2016 | By Maddie Hanna, TRENTON BUREAU
Gov. Christie, addressing South Jersey business leaders Wednesday, blasted opponents of a state takeover of Atlantic City, and warned against a Democratic-led Legislature that he asserted was in the pocket of unions. The Republican governor, who declared he was "in a loud mood," told about 200 people at the Crowne Plaza in Cherry Hill for a Chamber of Commerce Southern New Jersey luncheon that he wouldn't balk at letting Atlantic City run out of money if the Assembly speaker continues to block a takeover.
NEWS
April 28, 2016 | By Amy S. Rosenberg, Staff Writer
With Atlantic City teetering on the brink of insolvency, Mayor Don Guardian is considering skipping a $1.8 million interest payment on municipal bonds due May 1, chief of staff Chris Filiciello said Tuesday. If the city missed the payment, it would be the first default by a New Jersey municipality since the Great Depression, Bloomberg News reported. New Jersey has always intervened to prevent distressed cities from missing debt payments or going bankrupt, but Gov. Christie has twice vetoed aid packages that would redirect casino funds, now assigned to marketing, to help Atlantic City with its debt.
NEWS
April 28, 2016 | By Amy S. Rosenberg, Staff Writer
ATLANTIC CITY - Given all that's transpired in Atlantic City since the state Casino Reinvestment Development Authority optimistically envisioned creating a neighborhood near what was then the Revel Casino, and moved to take the property of the celebrated piano tuner and eminent domain fighter Charles Birnbaum, a Superior Court judge on Tuesday asked the agency to justify the seizure. What was its plan? What money did it propose using, especially since the Legislature is considering adopting an aid plan for near-bankrupt Atlantic City that would divert a key revenue source of the CRDA, the 1.5 percent Alternate Investment Tax collected from the casinos?
SPORTS
April 24, 2016 | By Mark Whited, Staff Writer
Nick Atohi pitched four scoreless innings on Friday to pace host Mainland to a 2-0 victory over Vineland in a Cape-Atlantic League baseball game. The sophomore allowed one hit and stuck out five batters to improve to 4-0 this season. Nick Trifiletti had a pair of hits, an RBI, and a run. Rob Wood drove in a run. Mike Juliano had two hits. Ja'Ques Colon, Jonathan Perez, and Kordell Harold accounted for Vineland's three hits. In other Cape-Atlantic action: Dylan Scaranda belted a two-run home run to power Absegami to a 8-3 win over visitor Atlantic City.
NEWS
April 23, 2016 | By Amy S. Rosenberg, Staff Writer
ATLANTIC CITY - Something is actually happening at the former Revel Casino Hotel. Owner Glenn Straub, whose stated plans for the massive property have veered erratically from mud slides to academic think tanks or refugee camps, has settled on at least one activity: a family-friendly adventure ropes course. Thursday, there was actual construction equipment stationed in the porte-cochère of Revel, where Straub said he would install a massive ropes course, similar to the ones at Jordan's Furniture Store in New Haven, Conn.
NEWS
April 22, 2016 | By Andrew Seidman, TRENTON BUREAU
TRENTON - Lawmakers aren't any closer to a deal to stave off financial disaster in Atlantic City, as an hour-long meeting Wednesday between two of New Jersey's top elected officials failed to yield any meaningful progress. Senate President Stephen Sweeney (D., Gloucester) said he was worried the city could go bankrupt without a state takeover. "You can see the ship getting ready to hit the rocks," Sweeney told reporters after he met with Assembly Speaker Vincent Prieto (D., Hudson)
NEWS
April 22, 2016 | By Linda Loyd, STAFF WRITER
Spirit Airlines has resumed summer seasonal flights from Atlantic City International Airport to Atlanta, Boston, Chicago, and Detroit. The daily nonstop flights began last week and will operate until the fall. Spirit, which flies from Philadelphia to seven cities, will add daily nonstop routes from Philadelphia to Detroit and Fort Lauderdale, Fla., starting April 29. The Miramar, Fla.-based carrier, which offers lower base airfares but charges passengers extra for virtually everything including a carry-on bag, began a nonstop daily flight from Philadelphia to Los Angeles International Airport on April 14. Spirit also started a new flight last week between Philadelphia and Minneapolis-St.
NEWS
April 21, 2016
ISSUE | ATLANTIC CITY Support children, unions For more than 30 years, New Jersey politicians have benefited from the profits produced by casinos in Atlantic City. Now is the time for the politicians to look after the community and the unions. Union workers in Atlantic City waved flags, held signs, and chanted last week, protesting the threat to collective bargaining in Atlantic City ("Pencils down?" April 13). The presidents of the blue-collar workers' union, the police union, and the state AFL-CIO spoke out on the importance of collective bargaining; a Senate bill backed by Gov. Christie would allow the state to terminate union contracts.
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