CRDA Meets, Approves Funding for Two New Projects
It has been reported that at the Casino Reinvestment Development Authority’s Tuesday meeting, the CRDA approved funds to start two projects in Atlantic City.
The CRDA approved paying $99,825 to a Maine-based firm, Market Ventures, Inc., to research where an indoor marketplace ala Philly’s Reading Terminal Market would fit in Atlantic City, and how the operation would be run, including analyzing what vendors would fit best into such a market.
The CRDA also moved to fund $8.6 million a redevelopment effort in the South Inlet section of the resort. A lot still needs to be done, including securing land from residents in the area and relocating them, before the project can move forward. The project, which local officials have been calling for for years, is slated to include new housing, restaurants and a strip of boutique shops.