Comment on New Jersey takes control of Atlantic City, reeling from casino bust

New Jersey takes control of Atlantic City, reeling from casino bust

On Wednesday, New Jersey Gov. Chris Christie's (R) administration took control of Atlantic City, approving a five-year takeover to prevent the city, $500 million in debt, from declaring bankruptcy. Atlantic City and its mayor, Donald Guardian (R), had submitted a financial plan to the state government last week, but the state said it was insufficient to right the seaside town's finances.

 

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