Jingoli made the statement during the Casino Reinvestment’s public hearing Tuesday morning on Hard Rock’s application for an Entertainment Retail District designation around the project.
The public hearing lasted less than 10 minutes, during which three people testified in favor of project. "The project will generate more than 1,000 union construction jobs,” Jingoli said during the hearing. "We expect to open during the summer of 2018.”
The demolition of the facade will include the removing of the Indian-themed decor at the property once called the "Eighth Wonder of the World.”
The Entertainment Retail District, established by law in 2001, is a tax-incentive program to encourage the construction of new entertainment and retail venues in Atlantic City. The purpose is to further entice visitors to the City, as well as create new jobs and tax revenue for state and local government.
"This is extremely important to us,” Jingoli said of getting the designation for the property. "What we are doing is building a state of the art entertainment complex, casino and hotel and having the support of the CRDA in the Entertainment district is going to allow us do more to the project.”
Source: GMB / Pressofatlanticcity.com
