Former Trump Taj Mahal casino to reopen in May 2018
“The planned renovations will transform the USD 4.2M square feet of defunct casino hotel space into a state-of-the-art casino, hotel, retail, dining and entertainment facility, increasing employment opportunities and strengthening Atlantic City and New Jersey’s economies,” CRDA Board Chairman Robert Mulcahy said.
“We look forward to seeing this project come to fruition.”
““The Hard Rock project is expected to generate more than a 1,000 construction jobs and 3,000 permanent jobs.
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The district would make Hard Rock eligible for various tax breaks. The designation entitles the company to a rebate on sales and use taxes on construction materials for the building and its luxury tax from hotel-room fees for 20 years or until the total rebate amount equals the cost of the project.
The city is eligible for 11 entertainment retail districts, Mulcahy said. The city currently has five, he said, adding the former Revel had an entertainment district designation before it closed in September 2014. A public hearing on the application is required and has not yet been scheduled.
“This is an exciting project and certainly brings some relief to the city,” Mulcahy said. “I think that it will add a great deal to the city.
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