Opportunity Zones – A New Redevelopment Tool

By: Nicholas F. Talvacchia, Esquire  and Rebecca C. Lafferty, Esquire Overview The Tax Cuts and Jobs Act of 2017 provides a new federal tax incentive to foster investment and redevelopment of low income areas that are designated as Opportunity Zones (“OZ”).  The tax incentive involves the creation of Qualified Opportunity Funds (“OF”) through which investors … Continue reading “Opportunity Zones – A New Redevelopment Tool”

Atlantic City Economic Update: Let the Trains Run on Time

From the desk of our Chief Operating Officer, Kenneth J. Calemmo, Jr. The former REVEL has now received a new life as the Ocean Resort and plans are being made to have it open by this summer.  This is blockbuster stuff!!  Welcome, Bruce Deifik and his team to Atlantic City.  Together with the opening of … Continue reading “Atlantic City Economic Update: Let the Trains Run on Time”

From the desk of our Chief Operating Officer, Ken Calemmo: 2018 is looking BRIGHT!!!

I want to wish everyone a HAPPY HEALTHY and PROSPEROUS NEW YEAR!! I have a great feeling about Atlantic City in 2018.  There is a great deal of economic activity taking place in the city that will have an impact throughout the city and state.  Remember every wave starts as a ripple!! New administration in … Continue reading “From the desk of our Chief Operating Officer, Ken Calemmo: 2018 is looking BRIGHT!!!”

Ken Calemmo writes: Economic Development 101 – “Get Good Information”

Helping to grow the economic capacity of any region takes input from my stakeholders.  One size does not a shoe make.  Accordingly, as we continue to look for opportunities to grow our region it is important that we consider the views and ideas of many stakeholders.  The Greater Atlantic City Chamber of Commerce has been … Continue reading “Ken Calemmo writes: Economic Development 101 – “Get Good Information””

Nicholas Talvacchia to moderate “Casino Leaders Discuss the Future of Atlantic City” Wed. Dec. 6

Chamber Leadership Series Casino Leaders Discuss the Future of Atlantic City Wednesday, December 6, 2017 8:30 AM – 10:30 AM EST Atlantic City’s casino leadership will provide an update and discuss investments made in the market, why business is up and the diversification of the product including internet gaming and generating revenue through non-gaming attractions. … Continue reading “Nicholas Talvacchia to moderate “Casino Leaders Discuss the Future of Atlantic City” Wed. Dec. 6″

Sports Tourism at its best!!

CHECK THIS OUT https://www.youtube.com/watch?v=uNJgKPKgDac Back in September Steve DelMonte, owner and founder of DelMoSports http://delmosports.com/ put on the second Ironman 70.3 Triathlon in Atlantic City.  And, I would add with GREAT success.  It was a sell-out of 2,700 athletes and was voted the #1 large Triathlon in the United States.  And, guess what? The backdrop … Continue reading “Sports Tourism at its best!!”

Your Second Home should be in AC

Kudos to Elizabeth Terenik for a terrific op-ed article appearing today in NJ Spotlight — “Op-Ed: Atlantic City and the American Dream 2.0 ” .   She identifies and articulately makes the case of the second home market in Atlantic City.  This article oozes with opportunity for families, couples, individuals and hopefully some forward thinking developers.  … Continue reading “Your Second Home should be in AC”

All Aboard! by Kenneth J. Calemmo, Jr.

I cannot remember when my love of trains began.  From an early age I just loved the sheer size and power of these machines.  There is just something about trains that says America.  Over the years I still remain a huge fan, however, my appreciation is now more – let’s say – economic and utilitarian.  … Continue reading “All Aboard! by Kenneth J. Calemmo, Jr.”

Takeaways from the Atlantic City Air Show, 2017 Edition

by Kenneth J. Calemmo, Jr. SPECTACULAR!!  AWESOME!! TREMENDOUS!!  UNBELIEVABLE!!! Those are the words repeated time and time again at this past weeks 15th Thunder Over the Boardwalk Atlantic City Airshow.  400,000 people were invited to this party and all had a great time.  It was a well coordinated event that continues to get better every … Continue reading “Takeaways from the Atlantic City Air Show, 2017 Edition”

Birds-Eye View of the Gateway project in Atlantic City

by Ken Calemmo Check out this recently released video produced by Stockton University for the new gateway project in Atlantic City.  It will give you a birds-eye view of the Stockton project and South Jersey Industries building.  It is spectacular!! Let the video do the talking  —  GO OSPREYS!! https://www.youtube.com/watch?v=b04H__yd6jY&feature=youtu.be Great stuff – Keep Moving … Continue reading “Birds-Eye View of the Gateway project in Atlantic City”