Casino Reinvestment Development Authority

Last updated
State of New Jersey
Casino Reinvestment Development Authority
Seal of New Jersey.svg
Agency overview
Formed1984
Jurisdiction New Jersey
Headquarters15 S. Pennsylvania Ave.
Atlantic City, NJ 08401
Agency executives
  • Modia Butler, Chairman
  • Sean Pattwell, Executive Director
  • Maisha Y. Moore, Deputy Executive Director
Website http://www.njcrda.com/

The Casino Reinvestment Development Authority or CRDA is a New Jersey state governmental agency that was founded in 1984 and is responsible for directing the spending of casino reinvestment funds in public and private projects to benefit Atlantic City and other areas of the state. From 1985 through April 2008, CRDA spent US$1.5 billion on projects in Atlantic City and US$300 million throughout New Jersey. [1]

Contents

Reinvestment funds are received from New Jersey casinos, which are required by law to contribute 1.25% of gross revenue funds toward projects that are approved by the CRDA.

Composition

The CRDA has seventeen members as follows:

Four year terms

Two year term

Ex officio

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References

  1. "30 Years of Casino Gaming" [ permanent dead link ], The Press of Atlantic City , accessed June 7, 2008
  2. CRDA board structure Archived August 11, 2009, at the Wayback Machine , www.njcrda.com, accessed August 14, 2009

[1] [2]

  1. CRDA Board of Directors
  2. CRDA Senior Staff