- Associated Press - Friday, September 18, 2015

ATLANTIC CITY, N.J. (AP) - New Jersey’s Casino Reinvestment Development Authority approved a $4.5 million renovation plan to convert a vacant restaurant into two villas at Atlantic City’s Golden Nugget casino.

The Press of Atlantic City reports (https://bit.ly/1UZGgeT ) the 2,400-square-foot villas feature views of the marina and will be used to host hotel guests on weekends.

Plans call for each villa to include a bedroom, living room, entertainment room, dining area and bar.

CRDA officials say the villas will also be used for small group meetings and hospitality suites for large conventions.

CRDA Executive Director John Palmieri praised the Golden Nugget for “creatively utilizing valuable space” in adding the villas.

The casino is funding the project with $1.2 million in Investment Alternative Tax obligations. The remainder will be provided by future IAT revenue if available.


Information from: The Press of Atlantic City (N.J.), https://www.pressofatlanticcity.com

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