New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill A2447

Introduced
2/14/22  

Caption

Allows CRDA to finance certain highway projects outside of Atlantic City Tourism District.

Impact

The legislative ramifications of A2447 are notable, as it modifies the jurisdiction of the CRDA to include self-defined projects that could enhance traffic flow and accessibility to Atlantic City. Proponents argue that financing highway projects in these areas will bolster economic activity, stimulate tourism, and develop infrastructure critically needed for supporting visitor access. The shift in focus represents a blending of transportation and tourism strategies aimed at rejuvenating not only the casino sector but also broader economic potential around Atlantic City.

Summary

Assembly Bill A2447 expands the powers of the Casino Reinvestment Development Authority (CRDA) by permitting it to finance certain highway projects outside of the Atlantic City Tourism District. This includes the planning, acquisition, engineering, construction, reconstruction, or improvement of highways providing direct access to Atlantic City within a defined 15-mile radius. The bill represented a shift in how the authority can deploy its resources, allowing for a broader contribution to infrastructure related to tourism and public access to the city.

Contention

Despite its potential benefits, the bill has faced scrutiny regarding its focus on highway projects at the expense of other urban development needs. Critics express concern that expanding the CRDA's reach into highway financing may divert funds from community development initiatives that offer immediate social benefits, such as housing and public safety improvements. The requirement for a public hearing before establishing any open container areas as part of the bill also raises questions about community needs versus the push for economic growth through tourism-related initiatives.

Companion Bills

NJ S968

Same As Allows CRDA to finance certain highway projects outside of Atlantic City Tourism District.

Previously Filed As

NJ S3443

"Atlantic City Urban Enterprise Zone and Property Tax Relief Act"; creates urban enterprise zone in Atlantic City for 10 years.

NJ A4900

Requires CRDA board membership to include at least three voting members who are Atlantic County residents.

NJ A4787

"Atlantic City Urban Enterprise Zone and Property Tax Relief Act"; creates urban enterprise zone in Atlantic City for 10 years.

NJ S4338

Requires CRDA board membership to include at least three voting members who are Atlantic County residents.

NJ A3621

Allows horse racetracks to be available for placing wagers at casinos in Atlantic City using Internet.

NJ S869

Reduces number of manufacturing jobs required to qualify for NJEDA financing and incentive programs.

NJ S2069

Extends certain provisions of CRDA Urban Revitalization Program.

NJ A3687

Requires SJTA to suspend certain tolls on Atlantic City Expressway in certain circumstances.

NJ S2066

Requires all revenue generated by casino hotel parking fee to be provided to CRDA; expands permitted uses of parking fee revenues by CRDA.

NJ A2409

Requires all revenue generated by casino hotel parking fee to be provided to CRDA; expands permitted uses of parking fee revenues by CRDA.

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