December 30, 2020, 10:33 am ·
The New Jersey Casino Reinvestment Development Authority (CRDA) on Tuesday approved a 20-year tax break for a proposed $100 million indoor water park at a site adjacent to Atlantic City’s former Showboat casino.
Showboat owners sought an entertainment retail district designation for the water park to make it eligible for the 20-year tax rebate.
The CRDA approved the requested designation to thus entitle the project to an
annual rebate of up to $2.5 million in sales tax for a period of 20 years. The entertainment retail district designation also entitles the scheme to tax breaks on construction materials.
The CRDA gave a site plan approval for the proposed water park earlier this month. That earlier approval paired with the requested designation
Want to blow up a Trump casino? It ll set you back $US1 million (or more)
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Want to blow up a Trump casino? It ll set you back $US1 million (or more)
By Wayne Parry
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One of President Donald Trumpâs former Atlantic City casinos will be blown up next month, and for the right amount of money, you could be the one to press the button that brings it down.
The demolition of the former Trump Plaza casino will become a fundraiser to benefit the Boys & Girls Club of Atlantic City that the mayor hopes will raise in excess of $US1 million ($1.3 million).
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