ATLANTIC CITY — The Stockton Gateway Project is the type of project Atlantic City can build its future around, said Philadelphia Federal Reserve President Patrick Harker during a tour of the facility Wednesday.

”Anchor institutions, if you look around the country, are incredibly important, because they provide that long-term, solid foundation for the economy,” Harker said after the tour of the project.

“If you look at the communities that have prospered during the good times and bad times, they usually have one or more great universities,” he said. “The fact that Stockton (University) is making the commitment to be here is really good news for Atlantic City.”

Next fall, Stockton plans to open the 675,000-square-foot, $220 million Gateway — the new headquarters for South Jersey Gas and a campus for the university that includes an academic building, housing for more than 500 students and a parking garage.

Harker on Wednesday toured several Atlantic County locations.

He stopped at the Federal Aviation Administration William J. Hughes Technical Center and Atlantic City International Airport in Egg Harbor Township with representatives of the Atlantic County Economic Alliance.

Harker regularly visits communities throughout the 3rd Federal Reserve District, which covers southern New Jersey, eastern Pennsylvania and Delaware, to engage with stakeholders and learn about economic conditions on the ground.

“These assets are an essential part of our strategic plan for economic diversification, growth and stability throughout our region,” stated ACEA Executive Director Lauren Moore. “Our goal is to establish an aviation industry supported by the airport and technical center as well as the Stockton Aviation Research and Technology Park that is currently under construction on a 58-acre campus adjacent to both.”

Never miss breaking news as it happens! Sign up now to receive alerts delivered to your inbox.

Contact: 609-272-7046 nhuba@pressofac.com Twitter @acpresshuba

Started working in newsrooms when I was 17 years old. Spent 15 years working for Gannett New Jersey before coming to The Press of Atlantic City in April 2015.

Recommended for you

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

PLEASE BE ADVISED: Soon we will no longer integrate with Facebook for story comments. The commenting option is not going away, however, readers will need to register for a FREE site account to continue sharing their thoughts and feedback on stories. If you already have an account (i.e. current subscribers, posting in obituary guestbooks, for submitting community events), you may use that login, otherwise, you will be prompted to create a new account.