The Casino Reinvestment Development Authority or CRDA is a New Jersey state governmental agency that was founded in 1984 and is responsible for directing the spending of casino reinvestment funds in public and private projects to benefit Atlantic City and other areas of the state. From 1985 through April 2008, CRDA spent US$1.5 billion on projects in Atlantic City and US$300 million throughout New Jersey.[1]
State of New Jersey Casino Reinvestment Development Authority
Reinvestment funds are received from New Jersey casinos, which are required by law to contribute 1.25% of gross revenue funds toward projects that are approved by the CRDA.
The Commissioner of the Department of Commerce and Economic Development or the Department of Community Affairs, or an additional member of the Casino Control Commission is appointed by the Governor[2]
casino, reinvestment, development, authority, crda, jersey, state, governmental, agency, that, founded, 1984, responsible, directing, spending, casino, reinvestment, funds, public, private, projects, benefit, atlantic, city, other, areas, state, from, 1985, th. The Casino Reinvestment Development Authority or CRDA is a New Jersey state governmental agency that was founded in 1984 and is responsible for directing the spending of casino reinvestment funds in public and private projects to benefit Atlantic City and other areas of the state From 1985 through April 2008 CRDA spent US 1 5 billion on projects in Atlantic City and US 300 million throughout New Jersey 1 State of New JerseyCasino Reinvestment Development AuthorityAgency overviewFormed1984JurisdictionNew JerseyHeadquarters15 S Pennsylvania Ave Atlantic City NJ 08401Agency executivesModia Butler ChairmanSean Pattwell Executive DirectorMaisha Y Moore Deputy Executive DirectorWebsitehttp www njcrda com Reinvestment funds are received from New Jersey casinos which are required by law to contribute 1 25 of gross revenue funds toward projects that are approved by the CRDA Contents 1 Composition 1 1 Four year terms 1 2 Two year term 1 3 Ex officio 2 References 3 External linksComposition editThe CRDA has seventeen members as follows Four year terms edit Six members of the public are appointed by the Governor and confirmed by the Senate Two members recommended by the President of the Senate are appointed by the Governor Two members recommended by the Speaker of the General Assembly are appointed by the GovernorTwo year term edit Two casino representatives are appointed by the GovernorEx officio edit One member of the Casino Control Commission is appointed by the Governor The Mayor of Atlantic City The State Treasurer The Attorney General The Commissioner of the Department of Commerce and Economic Development or the Department of Community Affairs or an additional member of the Casino Control Commission is appointed by the Governor 2 References edit 30 Years of Casino Gaming permanent dead link The Press of Atlantic City accessed June 7 2008 CRDA board structure Archived August 11 2009 at the Wayback Machine www njcrda com accessed August 14 2009 1 2 External links editOfficial Website CRDA Board of Directors CRDA Senior Staff Retrieved from https en wikipedia org w index php title Casino Reinvestment Development Authority amp oldid 1152953074, wikipedia, wiki, book, books, library,
