New Jersey Governor Chris Christie happens to be challenged by casino workers over jobs, as three regarding the city’s casinos face imminent closing. Christie, who had been at Ocean City Town Hall to discuss pension reforms, was greeted on his arrival by a team of workers from the threatened Revel, Showboat and Trump Plaza, chanting ‘Save our Jobs’ and ‘Five Year Promise.’
Each year to bring more flights to the Atlantic City airport, promote more convention business and raise private investment into the casino market in 2011 Christie issued a five-year plan that promised to fix the New Jersey economy, offering millions of dollars.
Revel had been a ingredient that is key Christie’s designs for Atlantic City. Conceived before https://aussie-pokies.club/lightning-link-pokies-review/ the recession, construction of the Revel project started in 2008, just while the economic depression hit, and Revel Inc discovered itself in financial dire straits, especially when backers, Morgan Stanley, pulled down soon after.
The whole task has been a complete disaster, consistently losing money since it opened in 2012 and more recently hemorrhaging $2 million each week
Christie, for who Revel represented the promise of a gleaming, revitalized Atlantic City, intervened having a $261 million buck bailout in tax credits and new loan, desperate to understand $2.4 billion project through to conclusion.