New Jersey may be going into the gambling business using taxpayer money. New Jersey could decide to provide as much as $200 million over 20 years to jump start a stalled Atlantic City Revel casino project. Like all gamblers, the state is hopes to recoup some or all of that investment.
In return for assisting the Revel casino project, the state would have a stake in the future success of the company under a plan to be reviewed by state officials on Tuesday.
If the project reaches certain milestones, the state could get paid back. Most likely, the money will be gathered by gangsters and scurried outside of U.S. reach
Gov. Chris Christie is also expected to sign legislation that launches an experimental tourist district in Atlantic City in a bid to revive the troubled gaming town.
The state will take a role in policing the tourism district, with the head of a local police unit picked by the State Police superintendent. To me all of this sounds like future trouble, and a crime explosion. The state is never a safe , secure way of picking a police/ military overseer and this plan is full of potential increased governmental corruption.
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