New Jersey Governor Chris Christie has been challenged by casino workers over jobs, as three associated with the city’s casinos face imminent closing. Christie, who was simply at Ocean City Town Hall to discuss retirement reforms, was greeted on his arrival by a small grouping of workers from the threatened Revel, Showboat and Trump Plaza, chanting 'Save our Jobs’ and 'Five Year Promise.’
In 2011 Christie issued a five-year plan that promised to correct the New Jersey economy, providing an incredible number of dollars each year to bring more routes to the Atlantic City airport, promote more convention business and raise private investment into the casino market.
Revel had been a key ingredient to Christie’s designs for Atlantic City. Conceived before the recession, construction of the Revel project started in 2008, simply due to the fact downturn that is economic, and Revel Inc discovered it self in financial serious straits, especially when backers, Morgan Stanley, pulled away soon after.
The project that is entire been a complete tragedy, consistently taking a loss since it opened in 2012 and much more recently hemorrhaging $2 million per week
Christie, for who Revel represented the promise of a gleaming, revitalized Atlantic City, intervened with a $261 million buck bailout in taxation credits and new loan, hopeless to (więcej…)