April 26, 2011
Atlantic City Tourism District Boundary is Expanded
The Casino Reinvestment Development Authority (“CRDA”) has taken a major step towards implementing the state plan that grants CRDA jurisdiction over the Tourism District in Atlantic City. The CRDA’s recent actions will affect businesses that currently and are seeking to do business in Atlantic City.
The CRDA voted On April 19 to establish district boundaries that expand the CRDA’s reach beyond the map enacted by the Legislature in February 2011. With this step, and the new map created by this expansion, the path forward for investment in Atlantic City becomes more clear.
Earlier this year, it was announced that the CRDA would absorb the Atlantic City Convention and Visitors Bureau. With the consolidation of power in CRDA, the stage is set for a new wave of convention and gaming oriented development.
The Tourism District includes properties along the Boardwalk, Bader Field and Gardner’s Basin. Now is the time to bring new concepts to the table and to revisit old plans that may have been shelved in the economic downturn. Financial institutions also may wish to revisit their interests, loans and investments in Atlantic City in this new light.
Atlantic City Master Plan
The CRDA will oversee land use, development, marketing, beautification and security within the Tourism District.
Importantly, in addition to its state-legislated mandates, the CRDA now has announced plans to develop a Master Plan for the Tourism District. The Master Plan will shape future development of the District. For stakeholders, the development of a Master Plan presents a unique opportunity to become involved in the process, provide input and advance their interests in future development of the Tourism District.
Hill Wallack LLP & Atlantic City
Hill Wallack LLP is exceptionally well-positioned to advise clients interested in development projects and other business in Atlantic City. Our attorneys have practiced in Atlantic City and before the CRDA for more than 30 years.
We previously represented the Casino Reinvestment Development Authority (CRDA) as General Counsel, and specifically on The Walk Outlets redevelopment project in Atlantic City, now a thriving shopping district. Following our representation of the CRDA, we have represented private-sector clients in numerous development projects in Atlantic City. Our clients include those in the gaming, real estate, higher education, health care and other industries.
We bring a creative, cost-effective approach and deliver extensive experience in land use, zoning, real estate and gaming matters.
About Hill Wallack LLP
Hill Wallack LLP has built a reputation for problem-solving and aggressive advocacy. With offices in Princeton and Atlantic City, N.J., and Yardley, Pa., the firm has comprehensive commercial capabilities and deep experience in a number of industry sectors. Our attorneys have extensive government experience, and the firm represents businesses and public entities in many areas in which public and private interests intersect.
Called upon to tackle some of the toughest legal and business challenges, we work to do more than advise on the law -- we craft real-world solutions.
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This article provides information of general interest and is not intended, and should not be used, as a substitute for consultation with legal counsel. Any questions regarding the specific issues raised in this article should be directed to the authors or to your contacts at Hill Wallack LLP.