Casino!

From the WSJ:

Debate Heats Up Over Gambling for Northern New Jersey

After a bitter battle over a proposed state takeover of Atlantic City, supporters of a gambling expansion are ramping up efforts to convince voters to allow two new casinos in the northern part of New Jersey.

Lawmakers agreed in January to allow a ballot referendum this fall on a proposal to expand casinos into northern New Jersey.

Gambling parlors are restricted to Atlantic City, and some fear the city’s financial problems—and the lengthy, acrimonious debate over how to keep it out of bankruptcy—may have soured the state’s voters on casinos.

“I think it’s going to be extremely difficult to pass gaming in northern New Jersey,” said Senate President Steve Sweeney, a Democrat. “People are seeing what’s going on with gaming and looking at all the problems and reading all the headlines…and saying, ‘Is that really what we want for our town?’ ”

Mr. Sweeney, a co-sponsor of the proposed constitutional amendment to allow gambling in northern New Jersey, said he isn’t “giving up yet” on the Nov. 8 referendum. On Friday, he attended a rally in support of the expansion in Rutherford, near the Meadowlands site where New York real estate mogul Jeffrey Gural wants to build a $1.3 billion casino in partnership with Hard Rock International.

Last week, Gov. Chris Christie, a Republican, signed legislation that gives the city, which opposes a state takeover, until October to balance its budget. Now that the Atlantic City legislative battle is over, “we’ve been able to go on the offensive,” Mr. Gural said.

Mr. Gural said he is planning an aggressive social media and public campaign ahead of the November election, but doesn’t know yet how much he will spend.

A Fitch Ratings analysis released Thursday said the expansion of gambling in northern New Jersey could cause up to four Atlantic City casinos to close.

Mr. Sweeney said he believes northern New Jersey casinos would more likely compete with casinos in New York and Pennsylvania than those in Atlantic City.

This entry was posted in New Development, New Jersey Real Estate, Politics. Bookmark the permalink.

11 Responses to Casino!

  1. grim says:

    From the Jersey Journal:

    Which Hudson County town saw the biggest population boom last year?

    Jersey City is in the midst of a real-estate development boom that its mayor hopes will allow it to overtake Newark as New Jersey’s most populous city, but another Hudson County town has edged out Jersey City as the fastest growing town in the county.

    Secaucus grew in population by 3.85 percent from 2014 to 2015, newly released Census figures show. The western Hudson County town, which has a transit hub that puts it 13 minutes from New York City by train, had a population of 19,104 last year, versus 18,395 in 2014.

    Signs of the town’s growth are everywhere. A 65-unit apartment building is under construction on Meadowlands Parkway. The high school and middle school are expanding, a $24.7 million project that officials say will allow the public-school district to accommodate an expected enrollment growth of nearly 400 students in the next two years.

    After Secaucus, Harrison saw the second fastest growth in 2015, with its population rising by 3.14 percent from 2014, and West New York came in third, growing by 2.12 percent, the fastest growing town with a population over 50,000 in all of New Jersey.

    No other Hudson town cracked 1 percent population growth. East Newark, Guttenberg, Kearny and Union City saw population decreases of less than 1 percent.

    In March, Census figures showed Hudson County’s population grew at a faster rate than any other New Jersey county in 2015, up 0.8 percent from 2014. The new figures, released in May, reveal population growth at the municipal level.

    Of the six Hudson County municipalities with populations over 50,000, Hoboken has seen the most rapid population growth since the 2010 Census. Mile Square City grew to 53,635 residents in 2015, up 7.3 percent from 2010. Jersey City has grown by 6.7 percent in that timespan.

    Hoboken Mayor Dawn Zimmer noted that Census data show that between 2010 and 2014, the population of Hoboken residents under the age of 10 nearly quadrupled.

  2. The Great Pumpkin says:

    Rip- Ali

  3. The Great Pumpkin says:

    Market this bi!ch! Wonder how many will fall for it. Hoboken, a great place to raise your family. I guess if you say it enough times people will believe it.

    “People are moving to Hoboken because we are a safe, walkable community with amazing parks and easy access to public transportation,” Zimmer said in a statement. “When they get here, they are also learning that it’s a great place to raise a family and are choosing to stay.”

  4. The Great Pumpkin says:

    Some type of conflict is prob inevitable between China and the U.S.

    “China risks erecting a “Great Wall of self-isolation” in Asia over its actions in the disputed South China Sea, U.S. Defense Secretary Ash Carter told a global defense forum in Singapore.

    “There is growing anxiety in this region, and in this room, about China’s activities on the seas, in cyberspace, and in the region’s airspace,” Carter said on Saturday in a speech to the Shangri-La security dialogue. He called China’s land reclamation in the South China Sea “unprecedented” and urged it instead to join the U.S. in cooperating on security in Asia.”

    http://www.bloomberg.com/news/articles/2016-06-04/china-risks-great-wall-of-self-isolation-says-u-s-s-carter

  5. GOP's broken (the good one) says:

    @MMFlint

    Came home to Kentucky after winning Gold Medal,
    walked into a diner, & was told we don’t serve “n******.”
    Threw his medal in the Ohio River.

  6. GOP's broken (the good one) says:

    @MMFlint

    Muhammad Ali, pacifist, Muslim.
    Convicted as a felon simply because he refused to go to Vietnam:

    “No Vietnamese ever called me n*****.” -Ali

  7. leftwing says:

    From last thread re: first cars for teenagers:

    Ex- and I went with a three year old jetta for our guy at 17. Low miles (30k), was reasonable ($14k). Made him contribute much of his savings.

    It bridged a lot of issues:
    Sporty and new enough to beat back the new beemer crowd at school.
    Reasonable value, of which it may hold some given the low miles he puts on.
    New enough for reliability, which was our primary concern.
    High safety rating, relative to alternatives.
    We did not place particular value on the safety bells and whistles like side sensors, viewed them as more of a distraction for a new driver and the car didn’t have them.
    His contribution was a meaningful part of total price so he feels ownership.

    Put it in ex’s name, it had to go in one of ours. He is listed as primary driver. Still costs 2k annually in insurance and my and my ex’s driving records are sterling.

    Its worked well for us. Hope that helps.

  8. Anybody wanna race down Pumpkin X Bouldevard this Summer?

    Tonight, tonight the strip’s just right
    I wanna blow ’em off in my first heat
    Summer’s here and the time is right
    For racin’ in the street

  9. Amerigeddon says:

    Pop a drive-by on little Plumpty.

  10. Amerigeddon says:

    When you start seeing Diana Olick’s name pop up on TV stories on real estate, become afraid…very, very afraid.

    She’s a sure sign of RE apocalypse.

Comments are closed.