Gov. Christie, Others Map Out Economic Recovery Plan For Atlantic City
By David Madden
For the second time in three months, New Jersey governor Chris Christie held a summit today with all stakeholders on what lies ahead for the financially beleaguered town of Atlantic City.
And a recovery plan is starting to take shape.
At the top of the list of suggestions from a blue-ribbon panel is the appointment by the governor of an "emergency manager" for Atlantic City.
"That role would be an expansion of the current statutory fiscal oversight we currently have in Atlantic City and other cities in New Jersey," Christie said today.
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The governor said he is not ready to commit to any recommendations -- which also include tax, pension, and school reform along with formation of a public-private partnership for economic development.
But he insists that quick action must be taken to "stop the bleeding."
One piece of good news, not specifically related to the meetings, is that Richard Stockton College of New Jersey has cut a tentative deal to buy the shuttered Showboat casino. They plan to turn it into a branch campus.
