ATLANTIC CITY, NJ—Atlantic City's fortunes over the past several decades has seemed like a “roller coaster,” but Mayor Donald Guardian is convinced that “the stars are aligning for Atlantic City.”
Speaking exclusively to GlobeSt.com after his appearance on a panel sponsored by the Philadelphia district of the Urban Land Institute, Mayor Guardian described several positive developments over recent weeks that he believes will help counter the negative perception of Atlantic City's prospects due to financial troubles caused by several recent casino closings and bankruptcies. (See an exclusive video report with more comments from the mayor at the end of this news story.)
“Prices are right, meaning it's really cheap to buy property and buy buildings,” Guardian says. “New Jersey Grow is now open to Atlantic City. You have a city government that is bullish on new growth, new businesses coming to Atlantic City, and backing that up with help when you're building, and specialty tax rates.”
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