Camden and Atlantic City Ate the Cake

Projects in South Jersey got a disproportionate chunk of the money awarded under tax incentive programs that are now under scrutiny by lawmakers and the state comptroller.

The eight South Jersey counties, which account for a little more than a quarter of the state’s population, received almost $2 billion and some of the single biggest incentives from $4.8 billion awarded over the last five years, according to a Route 40 analysis of two New Jersey Economic Development Authority programs.

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TJM Agrees To Sell Atlantic Club

The  owner of the Atlantic Club, one of Atlantic City’s oldest shut casinos, has agreed to sell the property to a businessman with ties to the city.

Property documents filed with the county in January show that TJM, the Florida-based  Atlantic Club owner, reached an agreement to sell the property to Jeffrey Smolinsky and his company, North American Acquisitions.

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Mystery Buyer Nabs 101 S MLK, Best Western Gets $3 Mln Mortgage, Stockton Donor Buys Beach-Block Lots

Atlantic City’s real estate market has had a relatively busy spring so far. A shell company earlier this month spent $510,000 on an Atlantic City building that includes a Pacific Ave storefront and apartments, the Best Western has a new mortgage and a Stockton donor has acquired two beach-block lots from the Atlantic Club.

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Mapping New Jersey’s Shrinking School Districts

More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts are shrinking at a rapid rate in the Northwest of the state, as well as in Southern shore communities such as Avalon, Margate and Ventnor.

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