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Legislation Will Spread Casino Wealth to Other Cities

NEWARK-The acting governor has signed a bill requiring casino owners to contribute at least $20 million to urban redevelopment in cities outside of Atlantic City.

By Eric Peterson | Updated on August 27, 2001

NEWARK-If you want to build a casino in Atlantic City going forward, you’d better have a check ready for $20 million, money that the state plans to spend to redevelop the state’s other ailing urban centers. Acting governor Donald DiFrancesco has just signed a bill expanding the scope of the original Casino Reinvestment Act to accomplish that.

As part of the original casino-enabling legislation, back in the 1970s, casino owners have been required to invest in non-casino redevelopment in Atlantic City, the only place where such gaming palaces can be built in the state. Critics have asserted that such investment, under the aegis of the Casino Reinvestment Development Authority, has been a mixed bag at best.

Casino owners will still have to invest in AC, but the state wants to spread the wealth, such as it is. Hence, CRDA’s Urban Revitalization Incentive Program, the bill the acting governor has just signed.

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