Must Read from The New York Observer on the struggle to save Atlantic City

It was in 1982—just six years after the legalization of gaming in New Jersey, when Atlantic City was a broken-down, burnt-out community betting its future on Americans’ insatiable appetite for gambling—that Bruce Springsteen released the song “Atlantic City”: “Well now everything dies baby that’s a fact/But maybe everything that dies someday comes back.”

The Boss was prescient. Atlantic City did come back, thriving for nearly 30 years by sucking on the narcotic teat of casino gambling. But, today, in the midst of the worst recession in 70 years, with surrounding states legalizing gaming and cannibalizing Atlantic City’s economic base, the Queen of Resorts again finds herself in a fix.  Read more…

Must Read from The New York Observer on the struggle to save Atlantic City