The closure of three Atlantic City casinos by mid-September will wipe $2 billion from the city’s property-tax values next year, exacerbating the already cash-strapped city’s financial plight, Mayor Don Guardian warned Tuesday. By 2017, property values are expected to have fallen to as little as $7.5 billion from $20 billion five years ago, Guardian said during…
Posted: August 26th, 2014 | Author: admin | Filed under: Atlantic City, Atlantic County, News | Tags: Atlantic City, DCA, Department of Community Affairs, Mayor Don Guardian, Property Taxes, Property Values | Comments Off on Casino closings wipe $2B from Atlantic City property-tax values