ANDREW L. ROSSNER
Associate Dean for Professional and Skills Education and Professor of Law
Rutgers Law School
Florham Park, NJ
CATHERINE G. DEARLOVE
Richards, Layton & Finger, P.A.
JEFFREY M. SHAPIRO
Lowenstein Sandler LLP
Read Yian’s piece on the Scarlet Insider here!
by: Gemini A. Nazareno, Jr.
While work on Atlantic City’s “Gateway Project” is well underway, the city’s government and partners are going into overdrive to spur economic development. Currently, planning, funding, and construction is being coordinated by the Atlantic City Development Corporation, headed by President Christopher Paladino. The new Stockton University campus and South Jersey Gas headquarters hope to rejuvenate the Chelsea neighborhood and demonstrate that the once-popular East Coast resort and gambling mecca is preparing for its comeback. Given the headline news coverage highlighting the struggles of the poverty-stricken municipality—which is attributed to its dependency on gaming, tourism, and casino competition from neighboring states—the Gateway Project hopes to prove that diversification of its economy is the key to the aging city’s resurgence. In order for the whole city to be successful and to transform, Atlantic City’s government and partners must embrace the Gateway Project’s model of diversifying and broadening its economic base to include corporate, residential, commercial/retail, healthcare, and academic offerings.