Skip to main content

Sweeney: Atlantic City May Be Days Away from Bankruptcy

Submitted by jhartgen@abi.org on

As the state Assembly readies a vote on an Atlantic City rescue plan that challenges his own proposal, state Senate President Stephen Sweeney (D) yesterday warned that the famed seaside resort could be days away from bankruptcy if his opponents don't put politics aside, NJ.Com. Lawmakers have been staunchly divided for months over how to help Atlantic City, which has seen its tax base decimated by the closure of four casinos. Sweeney and Gov. Chris Christie have been pushing legislation that would allow the state to take over large portions of the local government for five years. Assembly Speaker Vincent Prieto (D-Hudson) has scheduled a vote today on his own plan to give the city two years to fix its problems before a takeover happens. And even if Prieto's measure passes, Sweeney said that he would not put it up for a vote in the Senate because Christie wouldn't sign it.

Article Tags