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State Takeover of Atlantic City

State Takeover of Atlantic City

Governor Chris Christie shakes hands with state Attorney General Jeff Chiesa
Governor Chris Christie shakes hands with state Attorney General Jeff Chiesa . (Governor's Office/Tim Larsen)
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Jeff Chiesa’s Plans for the State’s Takeover of Atlantic City [EXCLUSIVE AUDIO]

We now have a better understanding of Jeff Chiesa's plans for the state takeover of Atlantic City.

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Would Gov. Christie Leave Trenton Early to Serve in Washington, DC? [EXCLUSIVE AUDIO]

In an exclusive interview Tuesday morning with Harry Hurley on WPG Talk Radio 104.1, Gov. Chris Christie talked about what it was like running for President, his relationship with Donald Trump, and if he would ever leave Trenton before his term is up to serve in a higher roll in Washington, DC.

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Governor Chris Christie announces his appointment of state Attorney General Jeff Chiesa as an interim U.S. senator
Governor Chris Christie announces his appointment of state Attorney General Jeff Chiesa as an interim U.S. senator (Governor's Office/Tim Larsen)
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Gov. Christie Picks Jeff Chiesa to Head the State Takeover of Atlantic City [EXCLUSIVE AUDIO]

Gov. Chris Christie has selected former Senator and former State Attorney General Jeffrey Chiesa to lead the state's takeover of Atlantic City.

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ATLANTIC CITY, NEW JERSEY - MARCH 30: A police cruiser patrols the beach as seen from the Trump Taj Mahal casino hotel on March 30, 2016 in Atlantic City, New Jersey. Atlantic City is due to run out of funds to pay city employees on April 8. Many city workers, including members of the fire and police departments, have vowed to continue working without pay until funds are restored. The Jersey Shore gambling resort town has seen four casinos close in recent years, cutting its casino tax revenue in half. The financial crisis has pitted Atlantic City Mayor Don Guardian against New Jersey Governor Chris Christie, who has refused to bail out Atlantic City with state funds. (Photo by John Moore/Getty Images)
A police cruiser patrols the beach as seen from the Trump Taj Mahal casino hotel on March 30, 2016 in Atlantic City, New Jersey. (Photo by John Moore/Getty Images)
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Clock Ticking for Atlantic City As Christie Signs Financial Rescue Plan

Gov. Chris Christie signs the bills that help Atlantic City avoid bankruptcy but give the city five months to fix its finances. If it can't, the state takes over.

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Governor Chris Christie Press Conference on Atlantic City
Atlantic City Don Guardian and Gov. Chris Christie at the announcement of an agreement on a state takeover of Atlantic City's finances (Governor's Office)
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Atlantic City Financial Rescue Plan on Christie’s Desk

Atlantic City’s financial rescue, or perhaps its path to a state takeover of local government, is one step away from being put into motion.

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Years Of Economic Decline Leave One Third Of Atlantic City's Resident In Poverty
The closed 1,399 room Revel casino stands on the northernmost end of Atlantic City's boardwalk on August 28, 2015 in Atlantic City, New Jersey. (Photo by John Moore/Getty Images)
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Does Atlantic City Deal Merely Delay Inevitable Takeover?

It will be challenging for city officials to identify the cuts needed within five months to balance their budget. Refinancing its debt would be a big help.

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David Matthau, Townsquare Media
David Matthau, Townsquare Media
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Atlantic City Crisis Unsolved as Christie Continues War of Words with Lawmaker

With Atlantic City on the verge of financial disaster, state leaders still can't agree on a rescue plan

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Atlantic City conventions
Spencer Platt, Getty Images
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Atlantic City Businesses Say Political Crisis Starting to Hurt Economy

The group devoted to promoting Atlantic City to the conference and meeting market claims the current situation is having an impact on the industry that's bordering on disastrous.

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Atlantic City Finances
Gov. Chris Christie at the Statehouse in Trenton on Thursday. (Governor's Office/Tim Larsen)
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Christie Says Bankruptcy May Be ‘Only Option’ as Atlantic City Vote Fizzles

“If they come up with something, great,” Christie said of a legislative compromise. “If they don’t, then bankruptcy would be the only option. And while I would regret having to go down that road, it is a road that I will have no choice but to go down.”

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ATLANTIC CITY, NJ - AUGUST 28: A lifeguard rescue boat sits on the beach in front of the closed Trump Plaza hotel on August 28, 2015 in Atlantic City, New Jersey. After new casinos opened in neighboring states, four of Atlantic City's top casinos closed in 2014, laying-off some 8,000 workers. The closures brought Atlantic City's unemployment rate to more than 11 percent, double the national average. The mass unemployment has produced the highest foreclosure rate of any metropolitan U.S. area, with 1 out of 113 homes now in foreclosure in Atlantic County. (Photo by John Moore/Getty Images)
A lifeguard rescue boat sits on the beach in front of the closed Trump Plaza hotel on August 28, 2015 in Atlantic City, New Jersey. (Photo by John Moore/Getty Images)
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As Atlantic City Runs Out of Money, Crucial Vote in Assembly

A crucial vote is set for Thursday in the Assembly, which is pursuing its own alternative to an Atlantic City takeover as default or bankruptcy inches closer.

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