Hard Rock & Harrah’s Want Money – Tuesday’s Roundup

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Hard Rock & Harrah’s Want Money
The Casino Reinvestment and Development Authority will consider projects from Harrah’s and the not-yet-rebuilt Hard Rock Casino at a board meeting on Tuesday afternoon. Could the Harrah’s project, dubbed “Harrah’s Atlantic City Project” be tied to the mysterious announcement made at the start of the month by Governor Chris Christie and executives from MGM (which operates the Borgata) and Harrah’s owner, Caesar’s Entertainment? CRDA officials did not respond to requests for comment on Monday.  The agenda says the board will consider an “authorization to amend the project, and the donation–credit and project grant agreements.” It sounds like it is not a new proposal, but there are no public details of any existing project under the same name.

The board will also be considering the “Hard Rock Entertainment Retail District Project” for initial project eligibility. That is interesting, since CRDA has been trimming costs and restricting new projects since its budget was cut under the state takeover legislation last year, and the Hard Rock casino has yet to open or pay any casino taxes. (The takeover legislation diverted the casinos’ investment-alternative taxes to cash-strapped Atlantic City. Those taxes had long been returned to the casinos via CRDA to fund investment in the casino properties.)

CRDA does have some money earmarked for outstanding casino projects, however. The Authority’s 2016 financial report shows that it has set aside just over $2.8 million for “Harrah’s Non-Gaming Amenities” as well as $9 million for a Harrah’s hotel expansion. There is also $3.4 million for a Caesar’s hotel expansion, so perhaps some of that money will go toward funding whatever Christie, Caesar’s and MGM have up their sleeve.

The Pine Barrens via @brielle_priest on Instagram.

In the rest of the news from the last 24 hours, a power outage caused a major sewage spill in Big Timber Creek between Gloucester and Camden counties, a former Obama aide from Marlton is planning to challenge U.S. Rep. Tom MacArthur for NJ’s 3rd district, here’s a list of Cumberland County places to hang for your South Jersey staycation, and U.S. Rep LoBiondo came out strongly against offshore drilling yesterday. All that and more below:

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