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New Jersey Could Aid Atlantic City Casino - Wall Street Journal

Monday, 31 January 2011 21:37 administrator
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BY LISA FLEISHER

New Jersey could provide as much as $200 million over 20 years to jump start a stalled Atlantic City casino project, but the state is hoping to recoup some or all of that investment.

In return for assisting the Revel casino project, the state would have a stake in the future success of the company under a plan to be reviewed by state

officials on Tuesday.

If the project reaches certain milestones, the state could get paid back, people with knowledge of the deal said.

Also on Tuesday, Gov. Chris Christie is also expected to sign legislation ...



Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFCXy2YjECn6BNG1u5_o_23a8eryA&url=http://online.wsj.com/article/SB10001424052748703439504576116184011498132.html?mod=googlenews_wsj

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