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ATLANTIC CITY — Mayor Lorenzo Langford identified 12 priorities necessary for the city to remain competitive as a top tourist and gaming destination Tuesday at a rare meeting of city stakeholders.
Langford organized the summit of casino executives, public officials and neighborhood representatives as Atlantic City tries to emerge from an economic slump amid increased competition from other states that have broken the resort’s regional monopoly on casino gaming.
The mayor would not discuss his goals after the hour-long meeting Tuesday, but The Press of Atlantic City obtained a list the mayor distributed to those in attendance. The priorities ranged from broad resort problems such as crime, unemployment and blight to specific initiatives such as synchronizing traffic signals and demolishing abandoned city buildings.
Langford said he also solicited ideas for other priorities and concerns from each person in attendance and sought feedback on how to narrow them down to a few attainable goals.
“I probably spoke more than anyone, but I did a lot of listening, too,” the mayor said in an interview after the meeting in his conference room at City Hall.
But the meeting’s primary accomplishment, Langford said, was a unanimous conclusion: “Yes, we should work together; yes, we are going to work together.”
The high-profile summit scheduled earlier this month was the first of what could become a bi-weekly event, with the next tentatively scheduled for Dec. 8 at the Atlantic City Convention Center.
Those in attendance Tuesday — including Greater Atlantic City Chamber of Commerce President Joseph Kelly, Casino Control Commission Chairwoman Linda M. Kassekert and the heads of several operating and potential city casinos — are expected to return to next month’s meeting with a concise list of priorities, a list requested by Langford as a “homework assignment.”
Before the meeting ended, Langford asked each stakeholder present whether there was anyone missing from the group that should be at the next meeting. Langford said there were suggestions, but only specified one. He said a representative of Gov.-elect Chris Christie will be invited to the next meeting.
The city administration organized Tuesday’s summit after Kevin DeSanctis, CEO and president of Revel Entertainment Group, issued a near-ultimatum that cooperation among the city’s stakeholders must start now to save the city and its faltering economy.
The incoming Revel Entertainment is working to secure $1 billion in financing to complete its $2 billion megaresort, which is scheduled to open in 2011. The company is building only the exterior of the casino hotel as it looks to stretch out the cash it has on hand. Interior work will resume once the rest of the funding is in place.
Meanwhile, the rest of the city’s casino industry has already suffered a 13.5 percent decline this year and the city is facing a 2010 deficit of at least $25 million.
DeSanctis emerged from Tuesday’s meeting pleased and said the cooperation among the group was promising.
“They all see that Atlantic City has to move in a forward motion,” he said.
Mark Giannantonio, president of Tropicana Casino and Resort, said the summit could be a watershed event as Atlantic City seeks to rebuild its economy and recover from a three-year slump in the gaming industry.
“I certainly feel that with our gaming market suffering a bit, I’ve never seen this level or spirit of cooperation,” he said. “I truly believe it could be a defining moment for the city and the people who work in the city.”
“The bottom line is, we’re going to be a better city as a result of it, no question,” he said. “In my mind, the last thing we can do is nothing.”
Representatives of the state Legislature — state Sen. Jim Whelan, D-Atlantic, and Assemblymen Vince Polistina and John Amodeo, both R-Atlantic — said their focus is to draft legislation to attract capital to the city.
Polistina said he wants to target the portions of casino revenue that go to the Casino Reinvestment Development Authority. The state agency redistributes that money to improve Atlantic City and other projects that qualify throughout the state. The assemblyman said the CRDA law needs to be rewritten to ensure that money stays in Atlantic City, which is a goal of the new Christie administration as well.
Giannantonio said Atlantic City remains the nation’s second-largest casino market and is strategically located within a three-hour drive of 30 million to 40 million people in the heavily populated Northeast. However, the city is feeling pressure from rival slot parlors in surrounding states.
“Part of the problem is, we went from being a monopoly to not enjoying a monopoly,” Giannantonio said. “We need to get people more familiar with the Atlantic City brand and give them more reasons to come down here. We have a beautiful beach and our Boardwalk should be one of the greatest destinations on the Eastern Seaboard, but right now it isn’t.”
Staff writer Donald Wittkowski contributed to this report.
Contact Michael Clark:
609-272-7204
Michael.Clark@pressofac.com
Posted in BREAKING | ATLANTIC CITY on Wednesday, November 25, 2009 6:00 am Updated: 12:30 pm.
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