One of the East Coast's most conspicuous signs of the Great Recession is finally turning itself around.
Casinos are turning profits," writes John Brennan to open a story about a rebound in Atlantic City.
Plans were announced recently for a $375 million renovation and reopening of Trump Taj Mahal by Hard Rock casino and Stockton University just broke ground on a satellite campus. A luxury apartment complex, the first to be built in Atlantic City in decades, is under construction. The city's credit rating has improved.
The revival comes a decade after casino profits plummeted to the point that half the city's casinos closed and 10,00 people lost jobs. The article includes a history of the city's many eras, starting in the 1850s and running through the city's most recent downturn, from 2006 to 2015. The state even took control of the city in 2016. According to local officials and boosters quoted in the article, the current recovery has begun a new, distinct era of the city's history.
FULL STORY: Construction abounds, Atlantic City rebounds
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City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research