30 May '16, 5pm

Donald Trump and Chris Christie, the Twin Villains of Atlantic City - POLITICO Magazine

On Friday, just before the Memorial Day weekend, Christie signed two bills that give Atlantic City 150 days to come up with a plan to balance its budget and hold back the onerous takeover threatened by the state. The bills redirect tens of millions of dollars in aid to the city from casinos, a state loan and other sources. For the time being, it will stave off a municipal bankruptcy that arguably would have hurt the governor more than the city of Atlantic City. Whether the emergency bills will give the city enough breathing room to right its finances for the long-term is anyone’s guess. (And the city still must fight off a Christie-backed referendum on the ballot in November that would bring two casinos to North Jersey, which Atlantic City casino executives warn could lead to as many as five more casino closings in the seaside town.) But there’s more certainty about the me...

Full article: http://www.politico.com/magazine/story/2016/05/trump-chri...

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