Contact: David Zuba, Publicist, Media Relations/Communications
CRDA BOARD VOTES ON BORGATA NIGHT CLUB EXPANSION PLAN, COMMUNITY ENTERTAINMENT & NORTHEAST INLET DEVELOPMENT
ATLANTIC CITY, NJ – (Wednesday, March 4, 2015) – The Board of the Casino Reinvestment Development Authority (CRDA) approved several resolutions at its recent meeting that will bring added entertainment opportunities to Atlantic City and further redevelopment of the Northeast Inlet Renewal Area.
Borgata Casino Resort received a preliminary determination of project eligibility for its night club expansion project, which would not exceed $15 million of available and future Investment Alternative Tax (IAT) obligations. This project would include a 24,000-square-foot outdoor entertainment venue complete with large and small outdoor stages, VIP areas, food and beverage kiosks or food trucks, outdoor bar, seating and game areas, BBQ and fire pits, restrooms and renovation of The Mixx night club into a large, modern, state-of-the-art entertainment venue. This project is expected to create approximately 147 construction jobs and $6 million in wages. Construction is anticipated to commence in March or April with completion slated for December 2015.
The Board approved an agreement with Global Spectrum (the facilities management team at Boardwalk Hall and the Atlantic City Convention Center) and the Arena Football League’s Philadelphia Soul that will provide a loss mitigation subsidy in an amount not to exceed $80,000 against gross ticket sales in anticipation of the team’s Saturday, May 30th game versus the Las Vegas Outlaws at Boardwalk Hall. This game, which will be televised live on CBS at 6 pm, will be the first ever out-of-market game in the league’s history.
“We are tremendously excited to bring the Philadelphia Soul and arena football here in May,” said Palmieri. “It’s also a great way for a large national television audience to see Atlantic City and Boardwalk Hall under the bright lights.”
The Board also entered into an agreement with the Schultz Hill Foundation and approved a supplemental fund reservation in an amount not to exceed $30,000 for the 2015 Entertainment for Seniors Musical Performance Series. The grant funding covers expenses directly related to the series, which features two events at the Dante Hall Theater on June 11th and October 29th.
“These events are always well attended, almost sold out, and add to the welfare of the community,” said Palmieri.
Lastly, a proposed amendment by the City of Atlantic City to the Redevelopment Plan for the Northeast Inlet Renewal Area was approved by the Board. This plan will provide for the development of waterfront dining, entertainment and recreational uses along Maine Avenue that will support tourism, provide jobs and enhance revenue for Atlantic City.
Complementing the planned rebuilding of the Boardwalk along the Absecon inlet’s waterfront, this plan would include the construction of an elevated structure that would tie-in with the Boardwalk and be utilized as space for a restaurant, entertainment and other community recreational uses above Maine Avenue at the Flagship Resort.
Board actions will take effect following the expiration of the Governor’s statutory review period.
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The only agency of its kind nationwide, the CRDA has used Atlantic City casino reinvestments as a catalyst for meaningful, positive improvement in the lives of New Jersey residents, investing nearly $2 billion in more than 400 projects statewide since 1984. Under the 2011 Tourism District Act, CRDA’s mission evolved from statewide projects to becoming the state’s key economic development agency for Atlantic City. CRDA responsibilities expanded to include land use regulation, clean and safe initiatives, tourism marketing, ownership and oversight of the Atlantic CityConvention Center and Boardwalk Hall, and partnership with the Atlantic City Alliance to brand and market Atlantic City. The former ACCVA, now a division of CRDA, is the first destination marketing organization in New Jersey to achieve prestigious Destination Marketing Accreditation by the Destination Marketing Association International.
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