complicated, hard, process and they wanted easy answers and casino gambling was seen as an easy answer. >> anthony: yes, it sure sounded like a good idea. >> brian: they were going to put this plan in effect. 12 casinos here, bring everybody up from the top down. it hasn't worked. now you're left with just 12 casinos. ♪ >> anthony: and if you're looking for an example of lemming like lurch towards a shiny new cliff face from which to tumble, look no further than this $2.4 billion goat rodeo, the revel. it opened in 2012 and closed less than two years later -- the most expensive casino in new jersey history. >> brian: they just forged ahead with it. the hubris was incredible. >> anthony: what were they thinking? >> brian: short term money and at a time when all these other casinos were opening all over the entire east coast. >> anthony: which is nuts. it's economics' 101. >> anthony: casinos, of course, by design neglect the city's existing assets.