New Jersey A2409 requires all revenue from casino hotel parking fees to be provided to the Casino Reinvestment Development Authority (CRDA) and.
New Jersey A2409 amends the law to require all revenue generated by the casino hotel parking fee to be provided to the Casino Reinvestment Development Authority (CRDA). Previously, part of the revenue was deposited into the Casino Revenue Fund, but under this bill, the entire fee will fund CRDA projects. The bill also expands the permitted uses of these parking fee revenues by the CRDA, allowing them to be used for projects within the boundaries of the City of Atlantic City, not just the corridor region. This change aims to support the continued development and betterment of Atlantic City.
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