Report: the numbers behind Revel

Closing this month, Atlantic City’s Revel Casino has not received one penny of its state Economic Redevelopment Growth tax credit, according to Tim Lizura, EDA president and chief operating officer of the doomed casino.

New Jersey’sEconomic Development Authority incentives have “built-in safeguards to ensure taxpayer money is used responsibly,” says Lizura, in an NJBIZ feature by Andrew George. “Before receiving any of their approved award, projects must first generate new tax revenue, complete capital investments and/or hire or retain employees.”

Read George’s story here.

Report: the numbers behind Revel