City Council Ordinance-59 would have City Government loan its credit rating to Revel Entertainment for its casino project. If you click on the link above, you can read the ordinance yourself.
This degree of partnership between city government and a casino developer is entirely inappropriate. The role of government is not to undertake business deals. How is it fair for government to get out of its way and bend rules for a casino developer? Laws should be simple, fair, and be applied equally to all. Government is to maintain the rule of law so that people may conduct fair and equable business. Here is a previous post outlining my position.
The ordinance was adjourned at last night’s City Council meeting. It will next be considered at 6 August’s City Council meeting. Take the time to let City Councilmen know that you do not want them using taxpayers’ good credit to underwrite Revel’s shaky financial capital.