Few Solutions Emerge From Atlantic City Summit

Chris Christie, business leaders gather to save the rapidly declining resort own.

Gov. Chris Christie  was mum Monday after a day of talks aimed at saving Atlantic City, the rapidly declining resort town. “I don’t want to” reveal details of closed-door talks with community and business leaders, Christie said.

Reuters reports:

But he would not deny some proposals were discussed, including a proposed casino in the Meadowlands, which would almost certainly siphon business away from Atlantic City, and a major restructuring of Atlantic City government, where the city has seen billions – one councilman says $9 billion – of property tax valuation lost on the tax rolls.

“The fact is, we have work to do,” Christie said during opening remarks at the meeting of 30 political and business leaders.

The summit was held in the wake of reports that the Trump Taj Mahal casino will be the next to declare bankruptcy, perhaps in November. The Revel, Showboat and Atlantic Club casinos have already closed, with the Trump Plaza to follow this month.