NJ’s Christie Seeking to Revive Atlantic City Revel
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New Jersey Governor Chris Christie said he’s spoken with Morgan Stanley officials about reviving construction of the Atlantic City Revel casino resort, to create jobs and stimulate growth.
Morgan Stanley, owner of the world’s largest brokerage, invested about $1.2 billion into the project, then later wrote down 97.7 percent of its value as the casino industry stagnated. Construction was suspended in 2009.