Wall Street painting a dire future for Atlantic City
TRENTON — For the second time in four days, a Wall Street credit rating agency has painted a dire outlook for Atlantic City. Moody’s Investors Service said in a report Monday that Gov. Chris Christie’s recent rejection of a financial aid package leaves the Jersey Shore gambling resort likely to default on debt services as early…
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Perhaps internet gambling, casinos in North Jersey and more involvement by the CORRUPT DEMOCRAT MACHINE would solve the issues?
Maybe some more investment by NJ State Pension Funds could float the sinking city for a few more years.
Seriously what might help would be sports betting. Of course Fan Duel, Draft Kings, the mob and my local barber might not like the competition.
Actually there is no hope. AC businesses, particularly hotels, restaurant and entertainment operations have been taxed into servitude.
for sports betting for a long
time: NJ just can’t seem to get out of
its own way. Wonder how many cities in this state are already under state management? Seems that on any given year, they’ve gone in and had to manage Camden, then, as soon as they step aside, it’s required again. How about Asbury, Irvington, others? Am talking ongoing money/help/ aid given to cities, for both municipal and school budgets: The unifying threads seem to be: an arrogant waste of taxpayer money by locals, not enough makers to pay for all the takers, and no consistent accountability or repercussions for improper management- am sick of the lack of proper management and oversight, all over this state!