John Palmieri, Executive Director of the Casino Reinvestment Development Authority (CRDA), sat down with NJToday’s Mike Schneider to discuss plans to make the Atlantic City tourism district a cleaner, safer destination with more attractions, including new and improved venues for entertainment and gaming.
According to Palmieri, the biggest challenge for the CRDA will be to develop the shopping district adjacent to the boardwalk, located along Atlantic and Pacific Avenues. Part of the redevelopment of this area, he says, will require improving safety and working with existing small property owners. However, Palmieri says that attracting large investors will be key to creating momentum for the development of the surrounding area, citing the construction of Revel Resort as an example.
Palmieri says that, in the aftermath of voter approval of sports betting, the legalization of sports betting would be a net positive for Atlantic City’s economy.