The New Jersey Casino Reinvestment Development Authority was formed in the 1980s to help revitalize Atlantic City by using revenue from the casinos to improve the city. While that directive had changed over the years, it was re-emphasized a few years ago when the CRDA, or Creeda as they call it in New Jersey, was given direct responsibility over the tourism district in the city. Now, with city finances cratering, the money that had been used for the CRDA is now being used to manage the city’s debt, leaving little the agency can do to fulfill its mission. And with several bills that would address that issue languishing on the desk of Governor Chris Christie, Executive Director John Palmieri is clearly frustrated. He spoke with GGB Publisher Roger Gros in August, and nothing has changed since that time.
This week the GGB Podcast emanates from Atlantic City where we speak with John Palmieri, the executive director of the New Jersey Casino Reinvestment Development Authority, on his agency’s changing role in the attempted revival of that city.