“The state Economic Development Authority’s . . . $261 million Economic Redevelopment and Growth Grant for the Revel project is . . . a no lose proposition for New Jersey. First, the term ‘grant’ is misleading. . . the state pays nothing upfront. Rather, it provides Revel with a portion of the sales and other taxes it generates over a 20-year period. It is money the state would never see if the Revel is not completed and operational. . . “ Joseph D. Kelly, President, Greater Atlantic City Chamber of Commerce


Created with Admarket's flickrSLiDR.