Christie Signs A.C. Bills, Announces Revel Deal
Governor Chris Christie has signed two bills today designed to help financially struggling Atlantic City as well as announcing new financing for the stalled Revel casino project, which is now expected to open in June 2012.
The Revel announcement was somewhat unexpected, as the Governor announced yesterday he would sign the bills — one which creates a tourist district in the city to be administered by the Casino Reinvestment Development Authority and the second which lessens casino regulations — at The Revel this morning.
But his choice of location became clear when he announced that Revel has secured $1.15 billion in financing and that the state will contribute $261 million through the Economic Development Authority and will hold a minority ownership in the casino.
According to an early report from NJ.com, Christie said Atlantic City Mayor Lorenzo Langford’s refusal to attend the event is grandstanding, and called his comments “bologna.”
Here’s the complete story.