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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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill mandates that all revenue generated from casino hotel parking fees be directed to the Casino Reinvestment Development Authority (CRDA). It expands the types of projects the CRDA can fund using these fees, allowing them to support improvements within the City of Atlantic City rather than solely focusing on the ‘corridor’ region. The bill also modifies how parking fee revenue is distributed, shifting a portion currently allocated to the Casino Revenue Fund to a dedicated fund for CRDA projects. This change aims to bolster economic development and infrastructure in Atlantic City.
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