CRDA PUTS MONEY TOWARDS REVEL PROJECT

120px-Seal_of_New_Jersey_svgA stalled Revel Casino project in Atlantic City was given a small boost this week. The Press of Atlantic City reports that the Casino Reinvestment Development Authority is going to pay for an $18.3 million widening project for the roads leading down to the casino site. Morgan Stanley pulled out of the project, which has left the casino $1 billion short and currently stalled. They are currently trying to sell their stake in the casino.

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