ATLANTIC CITY — Harrah’s Resort plans to use more than $800,000 in Casino Reinvestment Development Authority money left over from building the Waterfront Conference Center to help pay for a restaurant.
The authority’s board of directors approved the use of the funds at its meeting Tuesday. According to the resolution, the rebranding of the restaurant on the property could cost as much as $4 million.
“We want to use some of the leftover funds from the previous project together with funds from Harrah’s so we can redevelop one of the restaurants,” said Joe Dougherty, Caesars Entertainment legal counsel.
The new restaurant will feature one of Caesars’ celebrity chiefs, Dougherty said, but he would not say which chef it would be.
Caesars representatives would not disclose the restaurant to be rebranded, either, saying it might be announced in the next couple of weeks.
The $126 million Waterfront Conference Center project was backed by $45 million in public funding from the CRDA.
“I want to commend you,” board Chairman Robert Mulcahy told Dougherty.
“When we first started talking about this, there was some discussion about the proper use of the money, and you were willing to switch to this project, so there was no issue,” he said. “These celebrity chefs are a big deal these days.”