- CRDA funding approvals
South Inlet redevelopment:
Allocation: $8.6 million for land acquisition, including costs of site preparation, relocation stipends for residents, legal services, demolition, and environmental remediation
Who’s affected: The area is bordered by Massachusetts, Rhode Island, Oriental and Pacific avenues. A few parcels on Oriental Avenue north to Vermont Avenue are also included.
Timeline: Offer letters to property owners could be sent by mid-to-late February with residents receiving notices to vacate shortly after. CRDA officials said they will be accommodating to residents who need more than the standard 90-days notice to leave because funding for the new development does not yet exist.
Atlantic City marketplace:
Allocation: $99,825 to Market Ventures Inc., of Portland Maine for a feasibility study that will help determine the location, size, types of vendors, and operational setup for the market.
Possible locations: Across from The Wave parking garage, Arctic Avenue at Mississippi Ave.; Across from Boardwalk Hall, bound by Pacific, Mississippi, Atlantic and Georgia avenues; Near the Claridge Casino Hotel, bound by Pacific, Atlantic, Indiana and Ohio avenues; Near the Atlantic City Convention Center on Baltic Avenue between Michigan and Ohio avenues; Across from Angelo's Fairmount Tavern on Arctic Avenue between Mississippi and Georgia avenues.
Timeline: Construction could begin as early as this fall.
Source: Casino Reinvestment Development Authority
Posted: Tuesday, January 22, 2013 8:18 pm
Atlantic City | Pleasantville | Brigantine,
Atlantic County News,
Atlantic City News,
Casinos & Tourism,
Tuesday, January 22, 2013 8:18 pm.