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Casino Reinvestment Development Authority

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NEWS
November 10, 1993 | By Jacqueline L. Urgo, INQUIRER CORRESPONDENT
The Casino Reinvestment Development Authority gave unanimous approval yesterday for its representatives to begin negotiations with the developers of a $520 million project expected to return Atlantic City's "Queen of Resorts" to her former grandeur. The Maryland-based Rouse Co., known nationally for projects such as the Gallery Market East in Philadelphia and the Inner Harbor in Baltimore, will work with the Doubletree Hotels Corp. and Caesars Boardwalk Regency Corp. on the city's ambitious "Gateway Project.
BUSINESS
April 20, 2011 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - Regional gambling competition has sapped the vitality of this resort, but the effort to restore it got green-lighted Tuesday when the Casino Reinvestment Development Authority approved boundaries for a new state-run tourism district. The CRDA's 17-member board voted, 14-1, with one abstention and one vacant seat, to approve the zone's boundaries. The lone "no" vote was cast by Atlantic City Mayor Lorenzo T. Langford, who took issue with his powers and those of the City Council being usurped by the CRDA board under the state plan.
NEWS
July 22, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - This resort faces the prospect of having four major vacancies on its famed Boardwalk come mid-September. The grim reality sank in July 14 when Trump Plaza issued layoff notices and targeted Sept. 16 as the date to cease operating as a casino. Perception is reality in tourism, experts say, and the Boardwalk is synonymous with Atlantic City. How will four hulking, empty buildings sit with visitors - especially at night - and will they impede tourism when Atlantic City needs it the most?
NEWS
October 24, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - In an event seen as symbolic of Atlantic City's future, city and state officials, as well as the head of gambling giant Caesars Entertainment Inc., signed the final steel beam Wednesday to top Harrah's new $126 million conference center. Caesars Entertainment chief executive officer Gary Loveman said the project, due for completion in August, reflected his company's continuing commitment to Atlantic City, even as four casinos - including Caesars' own Showboat - have closed, and a fifth teeters on the brink.
NEWS
April 15, 1998 | For The Inquirer / MICHAEL PLUNKETT
Willie Mays made a big hit yesterday at groundbreaking for the new Boys and Girls Club of Atlantic City at Mediterranean and Pennsylvania Avenues. The new 15,000-square-foot building, to be paid for by the Casino Reinvestment Development Authority and Bally's Park Place, will serve more than 400 children in the Atlantic City area. At left, the authority's Ali Reynolds positions a child for a picture.
NEWS
June 23, 1992 | by Dave Davies, Daily News Staff Writer
The Philadelphia Redevelopment Authority is getting a New Jersey whiz-kid today to take over for Executive Director Andrew Jenkins, who is leaving to join the Rendell administration. Noel Eisenstat, 31, headed Atlantic City's Casino Reinvestment Development Authority from January 1988, until he lost his job last year in a political purge that followed a change in both the mayor's and governor's chairs. "We first heard about him when our transition team was looking at candidates for housing director," said David L. Cohen, Rendell's chief of staff.
NEWS
February 2, 2012
After a decades-long absence, the internationally known diving horse act will return to the Steel Pier this summer as part of an overhaul approved for Atlantic City that received unanimous backing from the Casino Reinvestment Development Authority at its board meeting Wednesday. The Steel Pier renovation is being funded by a loan from the CRDA, and its approval came minutes after the master plan - the guidelines - for the newly created Atlantic City Tourism District was passed, 14-0, by the CRDA board.
BUSINESS
September 14, 2014 | By Harold Brubaker, Inquirer Staff Writer
ATLANTIC CITY - With a group of meeting planners in tow and a clear blue sky as a backdrop, Caesars Entertainment Inc. executives showed off progress Friday on the company's $125.8 million Harrah's Resort Waterfront Conference Center, which is designed to draw business travelers to a city that is losing four, maybe five, casinos this year. The steel frame of the project, supported by $45 million from the Casino Reinvestment Development Authority and $24.1 million in tax breaks that can be earned over 20 years, is just weeks away from completion.
NEWS
April 29, 1989 | By Mike Schurman, Special to The Inquirer
The Regency, Atlantic City's first major housing project to be built under the guidelines of the 1984 Casino Reinvestment and Development Act, opened officially yesterday. The 27-story luxury apartment complex is in the city's southeast inlet at Pacific and Connecticut Avenues, two blocks east of the Showboat Hotel & Casino. The Regency, funded by Caesars Atlantic City Hotel-Casino, consists of 192 two-bedroom apartments and eight two-bedroom townhouses with rents ranging from $650 to $2,000 a month.
NEWS
October 10, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - More than 700 members of Unite Here Local 54, the union that represents most casino workers, let Trump Entertainment Resorts Inc. know how they feel Wednesday about proposed cuts to their health care and pension plans. They staged a "civil disobedience" march starting around 5:30 p.m., blocking traffic at the busy downtown intersection of Arkansas and Arctic Avenues and causing massive gridlock. About two dozen people were arrested and charged with resisting an officer's order or blocking traffic, or both.
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ARTICLES BY DATE
NEWS
October 30, 2014 | By Suzette Parmley, Inquirer Staff Writer
The collapse of New Jersey's hospitality industry, driven by the closure this year of four casinos in Atlantic City, is one reason the state's economy is not faring as well as the nation's, an economist said Tuesday at a business forum. "It's really a tale of two economies - the national economy vs. the state economy," said Joel Naroff of Naroff Economic Advisors Inc. in Bucks County. "If I had to give the state economy a grade, maybe I'd give it a 60 out of 100. It's not doing too well.
NEWS
October 24, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - In an event seen as symbolic of Atlantic City's future, city and state officials, as well as the head of gambling giant Caesars Entertainment Inc., signed the final steel beam Wednesday to top Harrah's new $126 million conference center. Caesars Entertainment chief executive officer Gary Loveman said the project, due for completion in August, reflected his company's continuing commitment to Atlantic City, even as four casinos - including Caesars' own Showboat - have closed, and a fifth teeters on the brink.
NEWS
October 22, 2014 | By Suzette Parmley, Inquirer Staff Writer
Billionaire Carl Icahn won Round One in a Wilmington bankruptcy court on Friday, when a judge ruled to nullify Unite Here Local 54's contract pertaining to health-care and pension benefits for Trump Taj Mahal casino workers. But he will face a tough fight from New Jersey lawmakers, who have indicated they will not back his request for massive state aid to keep the casino operating in Atlantic City. Icahn owns a $286 million first lien debt on the Taj. After the judge's ruling, Icahn revised his financial request seeking aid from the state.
NEWS
October 10, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - More than 700 members of Unite Here Local 54, the union that represents most casino workers, let Trump Entertainment Resorts Inc. know how they feel Wednesday about proposed cuts to their health care and pension plans. They staged a "civil disobedience" march starting around 5:30 p.m., blocking traffic at the busy downtown intersection of Arkansas and Arctic Avenues and causing massive gridlock. About two dozen people were arrested and charged with resisting an officer's order or blocking traffic, or both.
BUSINESS
September 14, 2014 | By Harold Brubaker, Inquirer Staff Writer
ATLANTIC CITY - With a group of meeting planners in tow and a clear blue sky as a backdrop, Caesars Entertainment Inc. executives showed off progress Friday on the company's $125.8 million Harrah's Resort Waterfront Conference Center, which is designed to draw business travelers to a city that is losing four, maybe five, casinos this year. The steel frame of the project, supported by $45 million from the Casino Reinvestment Development Authority and $24.1 million in tax breaks that can be earned over 20 years, is just weeks away from completion.
NEWS
September 10, 2014 | By Andrew Seidman and Suzette Parmley, Inquirer Staff Writers
Gov. Christie on Monday said the closing of multiple casinos in Atlantic City was "inevitable" given increased competition, but sought to blunt talk of the demise of this struggling resort town. Yet, big changes could come, including an expansion of gaming into North Jersey and greater state involvement in Atlantic City's government. Christie didn't share many details from the meeting, but when asked about those two ideas, which have been brought up by a key lawmaker, he responded: "Everything is on the table.
NEWS
September 8, 2014 | By Suzette Parmley and Andrew Seidman, Inquirer Staff Writers
ATLANTIC CITY - With Trump Taj Mahal now reportedly on the ropes after the closing of two major gambling halls last week, Gov. Christie will hold his much-anticipated summit here Monday. As the battered resort's future hangs in the balance and faces massive unemployment from four casino closures this year - and what will soon be four dark buildings along the Boardwalk - the summit seeks to address this critical question: Where does Atlantic City go from here? "There's no doubt things are tough," Atlantic City Mayor Don Guardian said late last week, "but I believe the decisions we are making today and will be making over the next few years will yield positive results in Atlantic City for years to come.
NEWS
July 28, 2014
New Jersey wants to double down on a losing bet. Sites are being considered for proposed North Jersey casinos that would soak up diminishing dollars from an industry that has already overplayed its hand. Both Gov. Christie and Senate President Stephen Sweeney (D., Gloucester) say any casino up north must share proceeds with Atlantic City, just as gaming revenue from the south has traveled north over the years. But what can be the benefit to Atlantic City if new North Jersey casinos lure even more gamblers?
NEWS
July 22, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - This resort faces the prospect of having four major vacancies on its famed Boardwalk come mid-September. The grim reality sank in July 14 when Trump Plaza issued layoff notices and targeted Sept. 16 as the date to cease operating as a casino. Perception is reality in tourism, experts say, and the Boardwalk is synonymous with Atlantic City. How will four hulking, empty buildings sit with visitors - especially at night - and will they impede tourism when Atlantic City needs it the most?
NEWS
May 22, 2014 | By Amy S. Rosenberg, Inquirer Staff Writer
It was an Atlantic City plot as familiar as a rerun on Turner Classic Movies: Homeowner vows to save house against the forces of eminent domain, played out in the shadow of a casino. It has been playing for the better part of two decades in this troubled seaside resort, since Vera Coking famously stood up to Donald Trump. But this latest version has impeccable and elegant casting. On Tuesday morning, homeowner and onetime piano prodigy turned piano tuner Charlie Birnbaum, 67, the son of Holocaust survivors, found so many ways to show just how much his three-story brick walkup building at 311 Oriental Ave., on the back side of Revel Casino Resort, means to him. He held a news conference with anti-eminent domain lawyers from the Virginia-based Institute for Justice.
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