“It’s beyond belief that this thing has gone on this long. . . If you’ve seen what’s going on in Atlantic City, I would say it’s comical but it’s tragic,” Sweeney told nj.com on Monday. “Atlantic City is not willing to help itself.”<\/p><\/blockquote>\n
On Thursday, Prieto is expected to have the Assembly vote on a measure that would block Christie’s Atlantic City takeover in favor of giving the troubled town two years to clean up its act.<\/p>\n
Prieto and Guardian’s ongoing fight against allowing the state to assume control while simultaneously dancing along the lines of bankruptcy could backfire for the speaker.<\/p>\n
“There’s going to be serious consequences if the city goes bankrupt,” a source told NJ.com.<\/p>\n
A City Underwater<\/strong><\/h2>\n\u00a0<\/strong>Atlantic City is underwater not only fiscally, but also, apparently, literally.<\/p>\nAccording to a recent report published in National Geographic<\/em>, the city’s cash-strapped public service utilities, paired with ongoing global warming, could lead to a devastating natural disaster in the coming years.<\/p>\nThough Atlantic City’s boardwalk resorts are on high enough ground, the impoverished surrounding communities are in immediate danger of catastrophic flooding.<\/p>\n
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Climate Central sea level expert Benjamin Strauss says Atlantic City is a barrier island that has extremely low and flat terrain. Strauss explained that a four-foot water surge would inundate roughly 50 percent of Atlantic City dwellings, while the same surge in Boston would only impact seven percent of residents.<\/p>\n<\/div>\n
Melting polar ice caps and warmer temperatures are slowly expanding the ocean and its total water mass, effectively growing the threat to coastal communities around the world.<\/p>\n
Atlantic City is bracing for a two-front perfect storm of sorts, it seems.<\/p>\n","protected":false},"excerpt":{"rendered":"
It looked so promising: Atlantic City casinos averaged a 17.2 percent gross operating profit across the city\u2019s eight remaining gambling resorts, the highest number since 2010 and a 29 percent increase over 2014. But before you go buying stock in any of the New Jersey gaming resort\u2019s gambling operators, be aware that gauging a business’s […]<\/p>\n","protected":false},"author":42,"featured_media":35642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13,18],"tags":[],"acf":[],"yoast_head":"\n
Atlantic City Casinos Post Highest Operating Profits Since 2010<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n