Proposed $3.8 Billion Convention Center Challenges Atlantic City's Industry
What happened
A proposed Meadowlands convention center, originally described as a $3 billion undertaking, is now estimated to exceed $3.8 billion. This project is directly challenging Atlantic City's convention industry, prompting leaders to acknowledge the danger it poses to the city's future.
From catcountry1073.com
Why it matters
The proposal threatens to reopen a regional economic divide between North Jersey and South Jersey. South Jersey believes the North Jersey project would not create new business but would instead relocate existing business from Atlantic City.
The Sheraton Atlantic City Convention Center Hotel faces closure due to tax break uncertainty.
From catcountry1073.com
Who's involved
- Atlantic CityThe city whose convention industry is being challenged by the proposed center.
- North JerseyThe region proposing the Meadowlands convention center, which promises statewide economic growth.
- New JerseyThe state where the regional economic competition between North and South Jersey is occurring.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Atlantic CitySpeculative
Atlantic City might see its core convention revenue threatened by direct competition from the proposed center.
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The entities involved
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Atlantic City
city in Atlantic County, New Jersey, United States
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North Jersey
northern half of New Jersey
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