ATLANTIC CITY This summer, even Pinky is blue.
That’s Pinky
hogan hogan outlet Kravitz
hogan Hogan Elective donna the Voice of Atlantic City, Chairman of the Boardwalk, the
hogan 2011 scarpe donna
hogan scarpe donna New Jersey city’s biggest
hogan interactive scarpe donna and oldest booster,
hogan Hogan Olympia a man who is relentlessly,
hogan 2013 scarpe donna famously, sometimes improbably
hogan scarpe donna positive.
"Yes,
hogan interactive outlet I’m discouraged,” he admits.
hogan scarpe uomo He turns 87
hogan scarpe donna on Friday, still at the mic of his daily radio show, Pinky’s Corner, after more than 55 years on
hogan 2012 scarpe donna air. "Who wouldn’t be discouraged with so many people being thrown out of work?
hogan interactive scarpe uomo People are saying ‘What are we going to do? Where are we
hogan scarpe uomo going to
hogan Hogan Olympia go?”’
The problem:
hogan 2013 scarpe uomo Casino gambling, which when legalized four decades ago was supposed to help Atlantic City reclaim
hogan 2012 Scarpe uomo its pre air conditioning, pre jet travel, pre Las Vegas glory, is besieged by out of state competition.
Pennsylvania, Delaware, Maryland, Connecticut, now New York State "We never thought we’d
hogan interactive scarpe donna be surrounded,” he says.
But even in the years when buses rolled in from all over the East Coast, gaming wealth never spilled very far into the shabby neighborhoods in the casinos’
hogan 2012 Scarpe uomo shadows. Gaming tax revenues only bolstered the bankrupt local politics.
And this summer, three years into New Jersey Gov. Chris Christie’s last ditch, five year revival plan for Atlantic City, it’s clear that the roulette wheel and slot machine have done as much as
hogan 2013 scarpe uomo they’re going to do for America’s first great beach resort.
Casino revenue has declined almost every month for the past eight years and now amounts to just half of the $5 billion reported for 2006. Atlantic Club (1,600 jobs) closed in January, Showboat (2,100 jobs) will close next month, and several of the 10
hogan interactive scarpe donna surviving casino hotels probably will shut or shrink.
That may include Revel, a 70 story high glass extravaganza that Christie called "a game changer for Atlantic City” when it opened two years ago after being completed with an emergency infusion of $261 million in state tax credits.
Since then, Revel has twice filed for bankruptcy protection. Built for $2.4 billion, it’s expected to sell for no more than a few hundred million at auction next month.
These days, bad
hogan Hogan Elective donna news is the talk of Pinky’s Corner: Reductions in casino property valuations that will devastate the city’s tax base. Supreme Court’s rebuff of
hogan 2012 Scarpe uomo New Jersey’s bid (designed to help its casinos) to overturn a federal ban on sports betting. New York State’s imminent approval of casinos, one probably near the Jersey line.
Worst of all, there’s growing pressure for the state to allow a casino at the Meadowlands Sports Complex near New York City, which would end Atlantic City’s in state monopoly.
Christie has called 2014 "a critical year” in which Atlantic City gaming must at least begin to show improvement. gaming monopoly, admitted to The Record of North Jersey that he’s secretly talked to Meadowlands casino advocates about a 2016 ballot referendum on the issue.
"Atlantic City had a good business model,” says Paul DeBole, an economist who studies the
hogan hogan outlet gaming business. "But so did Blockbuster.”
Kravitz is discouraged, not defeated. He doesn’t gamble, but says he knows one sure thing: Atlantic City will come back. It always has.
Once the queen of resorts
On his show this month Kravitz was talking about the 50th anniversary
hogan 2013 scarpe uomo of the Democratic National Convention in amazing as it may seem Atlantic City.
It was improbable at the time, too.
Atlantic City was world famous for its Boardwalk (1870), amusement pier (1882) and salt water taffy (circa 1883). It
hogan interactive outlet hosted the first Miss America pageant in 1921 and provided the street names on the Monopoly board, brought to market by Parker Brothers
hogan interactive scarpe donna in 1935.
By 1964, the resort was decades past its prime. But New Jersey Gov. Richard Hughes got President Lyndon Johnson to hold the convention here.
Kravitz, like everyone
hogan Hogan Elective donna else, thought it was a coup.
It was a disaster.
Kravitz was managing a bar called Luigi’s Gondola Room, where he also did his radio show each night. He began hearing complaints about the hotels, one of which had run
hogan 2011 scarpe donna out of cotton towels and given guests paper ones. Some switchboards couldn’t handle the volume of calls. Some places didn’t even have air conditioning.
Two NBC News execs who wandered into Luigi’s complained to
hogan hogan outlet Kravitz. "They said, ‘What the hell’s going on in this town?’ That’s when I knew we were in trouble.”
The national news media spread the word. "We got a lot of publicity bad publicity,” Kravitz says. "We were unprepared for the quality and quantity
hogan 2013 scarpe uomo of the people who
hogan interactive outlet came.”
Each summer, the crowds got smaller.
hogan hogan outlet The Boardwalk got shabbier. The city, facing the usual litany of urban problems street crime, drugs, arson, white flight was becoming a slum by the sea.
Casino gambling, still widely regarded as virtually satanic, emerged as the only hope. In 1976, New Jersey voters decided to allow it in, and only in, Atlantic City. Two years later the
hogan Hogan Elective donna first casino opened.
"QUEEN OF RESORTS REIGNS AGAIN"
hogan scarpe donna proclaimed The Press. Atlantic City became the first city outside Nevada with legal casino gambling.
Soon, there were casinos with Vegas pedigrees (Sands, Caesars, Golden Nugget). Big names came to entertain (Frank Sinatra), compete (Mike Tyson) and gamble (Michael Jordan). Annual visitors jumped from 6 million before legalization to more than 30 million.
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