>> to bring a city back after its decline is a complicated process. casino gambling was seen as an easy answer. >> it seemed like a good idea. >> they were going to bring 12 casinos here and bring everybody up from the top down. it hasn't worked. now you're left with just 12 casinos. >> and if you're looking for an example of a lemming like lurch of 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 2 years later. the most expensive casino in new jersey history. >> was incredible. >> what were they thinking? >> short-term money at a time when other casinos were opening all over the entire east coast. >> which is nuts. it's economics 101. casinos, of course, by design neglect the city's existing