Posts Tagged
Atlantic City
Christie Says He Wouldn’t Make Atlantic City’s Debt Payments
published Apr 6th 2016, 5:15 pm, by Elise Young and Romy Varghese (Bloomberg) — New Jersey Governor Chris Christie said he won’t step in to help Atlantic City avert a default on its May bond payment as the distressed gambling hub runs out of money and a takeover bill remains
Bloomberg Business: Atlantic City Seen Following Detroit in Deferring Bond Payments
©2015 Bloomberg News NM3MDK6JIJUY (Bloomberg) — Atlantic City’s fiscal crisis may prompt New Jersey to depart from its historic practice of supporting local- government finances as the gambling hub heads down a path similar to Detroit’s. An emergency-management team hired by Governor Chris Christie that includes Kevyn Orr, who guided Detroit’s