MEDIATION AHEAD TO SOLVE STEEL PIER FINANCIAL DISPUTE

Firestone Financial has agreed to mediation in a dispute over money owed for amusement rides on Atlantic City’s Steel Pier. The Atlantic City Press reports that the lender will negotiate with the owners of Steel Pier to refinance their debt, with the help of the Casino Reinvestment Development Authority. Firestone had filed suit in September to repossess about…

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ATLANTIC CITY VOTES TO KEEP COUNCIL FROM USING GOVERNMENT VEHICLES

Its official, Atlantic City Council members won’t be using city vehicles anymore. Wednesday night, council voted to keep members from using vehicles as the resort continues to struggle with a struggling financial economy. A deal is still being worked on that would have the state increase financial oversight into Atlantic City’s government. Senate President Steve…