CRDA To Auction $15 Million Of Banked Atlantic City Real Estate

The Casino Reinvestment Development Authority is preparing to sell off some of its Atlantic City real estate holdings, according to documents filed on its website.

“The CRDA seeks an experienced professional firm to market and auction surplus real property owned by the Authority and no longer necessary for its operations,” says the request for proposal. The real estate to be auctioned off ranges from a half-block package in the Inlet with a valuation of $6 million, to a $300 non-buildable alley on North Massachusetts Ave.

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Amazon, Miss America, Gilchrist – Monday’s Roundup

NJ Spotlight thinks New Jersey has a shot at luring Amazon, seeking a home for its second corporate headquarters, and “even Atlantic City” could draw interest. AC’s attraction would be partly because it’s a designated growth zone and companies making investments in the city are eligible for more tax breaks from the state’s Economic Development Authority.

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The Optimist

William K. Cheatham attends most of the meetings of the City Council of Atlantic City. He attends the board meetings of the Casino Reinvestment Development Authority. He is president of the Board of Trustees of the Atlantic City Free Public Library, a member of the Shade Tree Committee and an alternate on the board of the Atlantic City Municipal Utilities Authority. He was active in the First Ward Civic Association and was a regular at the meetings of the city Taxpayers Association (which reviewed the municipal budget) but those organizations no longer assemble on a regular basis. He’s a former member of the county construction board.

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Op-Ed: It Seems To Me

As an Atlantic City and Atlantic County resident there are things I’ve noticed:

It seems to me, the state takeover did not become unconstitutional within the county offices until it impacted negatively on the amount of money the county would receive.  What was it before? It seems to me, people in Atlantic City are getting tickets and don’t even see the meters. To many, they don’t look like meters, and aren’t at every spot. We should  take lessons from successful towns up and down the coast and suspend parking fees in the winter, with possible exceptions, like the walk area, or holiday weekends. In winter, we inhabit a virtual ghost town and have few visitors.

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