Atlantic City designated as Garden State Growth Zone.
Economic Opportunity Act of 2014

Atlantic County
New Jersey

Economic Development

1333 Atlantic Avenue
Atlantic City, NJ 08401


Featured Projects

Steel Pier Observation Wheel Now Open

The Steel Pier’s new 230 foot-high observation wheel opened in December 2017. It is one of the country’s largest ferris wheels and features 40 temperature-controlled gondolas which can comfortably hold 6 passengers for year-round operation with stunning views of Atlantic City and the Atlantic Ocean. The 13,000 light package can be seen for miles. The giant wheel was built in Italy and weighs a massive 485,000 pounds. This required bolstering the Boardwalk at the Pennsylvania Avenue street-end with thousands of wooden beams to make it strong enough to handle the weight. The total project cost was $14 million. The Casino Reinvestment Development Authority issued $7 million in loans for the project. The Steel Pier is located just off the Boardwalk and hosted its first marriage proposal in January 2018. With the much anticipated May 2018 opening of the Hard Rock Hotel and Casino Atlantic City and recent purchase of the Revel that will reopen as Ocean Resort Casino, the future looks bright on the north end of the Boardwalk.

The Stockton Aviation Research & Technology Park

Artist rendering of Next Gen Building 1

Artist's Rendering

The Stockton Aviation Research and Technology Park is a collaboration of industry, academia, and government dedicated to the advancement of aviation sciences through private and public research and development.

Capitalizing on its location adjacent to the Federal Aviation Administration's William J. Hughes Technical Center, the nation's premier air transportation system laboratory, the 58-acre research park is being developed as a state-of-the-art, high technology, integrated, and dynamic research environment to provide national and international leadership for the future of aviation while delivering technologies and innovations necessary to meet the challenges of modernizing domestic and global aviation.

A $17.2 million contract for construction of the first building was awarded on March 23, 2017 to Hessert Construction of Marlton, NJ. Construction crews will mobilize and be on site by May and plans call for completion in the second quarter of 2018.

The three-story, 66,000-square foot building will be constructed and owned by the Atlantic County Improvement Authority. It will include high-speed connectivity to the Technical Center laboratories, state-of-the-art classrooms and conference rooms, and roof top lounge. An FAA laboratory and offices will occupy 7,000 square feet with rental space for additional labs and offices. Tenants will have 24/7 access protected by a state-of-the-art security system.

For more information:
Leasing Now Available 
A Preview of the First Research Building 
Tomorrow’s Leader in Global Aviation Innovation 

Hard Rock Hotel & Casino Atlantic City

Hard Rock Porte-cochère

Artist Rendering

Hard Rock International and a group of investors have made a $500 million deal to acquire and renovate the Taj Mahal casino property. Set on 17-acres against the legendary Atlantic City Boardwalk, the new Hard Rock Hotel & Casino Atlantic City will amp up entertainment in world-class style.

Guestrooms and suites, with views of the city and the Atlantic Ocean, will undergo a complete renovation and redesign offering lavishly appointed rooms. Meeting space will be updated to accommodate both large conventions and smaller events.

The property will offer a range of gaming opportunities with plans calling for 2400 slots and 130 table games. Additionally, the casino will boast an entirely redesigned interior, new first-class food and beverage concepts headlined by Council Oak Steak & Seafood. The property’s Hard Rock Cafe Atlantic City will be upgraded to a 400-seat venue, including a new stage and central location within the property.

Hard Rock Hotel & Casino Atlantic City will become the go-to entertainment destination with live music, sporting events, conferences and shows at two separate arenas, seating up to 7,000+ people.

The property’s design will showcase the world’s largest and priceless music memorabilia collection presented in museum-like displays adorning the walls throughout the property.

The Hard Rock Casino Hotel project is expected to generate 1,000 construction jobs and 3,000 permanent jobs with a projected opening date of Memorial Day 2018.

For more information visit

Tennessee Avenue Transformation Project

Artist's Rendering of Tennessee Avenue Transformation Project

Authentic City Partners

Local businessmen are seeking to revitalize the beach block of Tennessee Avenue in Atlantic City.  Initial plans are to renovate some vacant buildings for use as a bar and a coffee shop near Pacific Avenue with the hope that other business will follow suit and bring new life to a once vibrant street. Plans also call for the closure of the street to traffic on weekends in the summer to allow "pop up" parks, live music and crafters. Current neighboring businesses include the Pic-A-Lilli Pub, The Irish Pub, Mr. Steak and the Casino Control Commission.

The centerpiece of the first phase will be the Tennessee Avenue Beer Hall, a fun, hip alternative to the Atlantic City bar scene that will feature dozens of craft beer options, video games and pinball, pool tables, and jukebox and a menu conceptualized and executed by partner Charles Soreth, owner and chef of Sublime Seafood Company in Egg Harbor Township. With gorgeous brick accents, fun graffiti art and over-the-top cocktail menu, the Tennessee Avenue Beer Hall – also known as “The Ten” – will also bring the party outdoors. The front of the former Wandy’s Restaurant space will feature an open front so people can enjoy the ocean breezes while feeling like they are part of the Tennessee Avenue scene, which will eventually include street fairs, pop-up art exhibitions and festivals. The adjacent two lots will feature a giant outdoor beer garden with dozens of beers on tap, fun outdoor games, outdoor seating with umbrellas, an inflatable movie screen for special events, live music, sporting events and much more.

News Release

Atlantic Cape Student Success and Career Planning Center

Student Success and Career Planning Center Rendering

Artist's Rendering

Atlantic Cape Community College held a ground breaking on September 29, 2016 for a new $10.3 million Student Success and Career Planning Center to promote student retention and graduation. The 20,000 square-foot, two-story building will consolidate career planning services and provide students with a central place to gather with easy access to the newly renovated cafeteria.

During their first semester at the college, students will be required to complete a career planning process. The new facility will be linked to the college’s Student Success Initiative which also includes an honors program and programs to reduce the amount of time spent in remedial classes.

The project is funded through the New Jersey Building Our Future Bond Act and Atlantic County. Completion date is Spring 2018.

For more information visit

Atlantic City Gateway Project

Artists rendering of a proposed Stockton Atlantic City Campus building part of the AC Gateway Project

Artist's Rendering

The Atlantic City Gateway project is a $210 million public-private redevelopment initiative located in the southeastern area of the city. It will include a Stockton University beachfront satellite campus, South Jersey Gas corporate headquarters, and an 879-space parking garage with 7,000 sq. ft of retail space built on 270,000 square feet of land.

The Stockton campus will be comprised of a five-story residence hall that will house approximately 520 students located on Atlantic Avenue between Albany Avenue and the Boardwalk. The 56,000 sq. ft. academic building will be on the opposite side of Atlantic Avenue between Ventnor and Trenton avenues. The campus will accommodate as many as 1,800 students with shuttle service to the main campus in Galloway.

The construction of the campus is being funded in part through the Atlantic County Improvement Authority which completed the sale of $128 million in revenue bonds on September 29, 2016. Proceeds from the sale of tax credits offered under the New Jersey Economic Development Authority’s Economic Redevelopment and Growth Program will provide debt service support.

The redevelopment project will revitalize several parcels that have sat vacant for a number of years. It will generate an estimated $1.5 million in tax revenues on land that is currently taxed at $300,000.

Additional financing includes $44 million from South Jersey Gas, a $17 million grant from the Casino Reinvestment Development Corporation and private equity investment.

Virtual Tour

For more information visit

Gravelly Run Square Shopping Plaza in Hamilton Township

The Gravelly Run Square shopping center is moving forward with the $58 million project in Hamilton Township. Plans call for four anchor stores to be complemented by 30-40 additional stores on 48 acres of land off the east bound side of the Black Horse Pike. The project is expected to create 310 full time jobs and generate $2.9 million per year in local and state taxes. Plans also call for various road improvements to help ease the added traffic congestion. The project was awarded $11.4 million in state Economic Development Authority funding in 2012.

A.C. Polercoaster – Vertical Roller Coaster and Entertainment Venue

Artist's rendering of the Polercoaster in Atlantic City

Artist's Rendering

A new 350-foot-high vertical roller coaster called the Polercoaster will start construction in June 2017 for the area of the Atlantic City Boardwalk, Dr. Martin Luther King Jr. Boulevard, and Mount Vernon and Kentucky avenues. The 52,000-square-foot Polercoaster redevelopment plan was approved in December 2015 by the CRDA and will include a zipline, extreme ninja course, XD theatre, skydiving simulator, bar/restaurant and retail space.  Patrons will be able to access the venue directly from the Boardwalk. It is expected to be completed by summer 2018.

Total investment on the project is $138 million with a state Economic Development Authority tax incentive of $38.4 million.

Boraie Development Planning 250-Unit Apartment Complex In South Inlet

Artist rendering of planned apartment complex with Revel Casino Hotel visible.

Boraie Development LLC and NBA superstar Shaquille O’Neal have teamed up to develop a $81 million apartment complex on 8 acres of land located in the south inlet area of Atlantic City. The Beach at South Inlet will have 250 apartments with a courtyard, pool, a gym and residents lounge. The project is being backed by a $15 million loan from the CRDA in line with the CRDA’s strategy of diversifying the city’s economy as well as $45 million in loans from two other state agencies.

The project broke ground in December 2016 and is expected to be completed by July 2018. A second phase is planned to include smaller-scale retail and entertainment attractions catering to neighborhood residents.

Oak Tree Plaza shopping center and Walmart Supercenter

The old Atlantic City Electric building in Egg Harbor Township will be razed to make way for a new 188,000 sq. foot Walmart Supercenter and retail shopping center. The shopping center will include two adjoining retail spaces, a bank and four restaurants. Proposed tenants include Applebees, Petco, Panda Express and Chick-fil-A. The project is expected to create 423 jobs and $1 million in tax revenues for the township. Walmart is now open as of August 2017.


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