Union sues to nix $261M NJ aid to Revel casino
By WAYNE PARRY
ATLANTIC CITY, N.J.
A union representing Atlantic City casino hotel workers is suing New Jersey to try to block $261 million in tax aid for the half-finished Revel casino project.
Local 54 of the Unite-HERE union filed the lawsuit last week against the state Economic Development Authority, but publicized it on Thursday. The EDA agreed last month to refund $261 million in taxes to Revel over 20 years to help restart the stalled project.
That aid guarantee was seen as instrumental in Revel obtaining the remaining $1.15 billion in private financing it needs to finish the casino-hotel.
The union claims the state violated open public meetings and records laws and wants the tax break canceled.
Saturday, March 26, 2011
Union sues to stop bailout of Revel
Labels:
Atlantic City,
casinos,
New Jersey. Atlantic City,
Revel
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