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Atlantic City, N.J. to Slash Bond Deal, Sell Casino Tax Liens

4 years ago10 views

wochit

Wochit

An Atlantic City official told Reuters on Wednesday, that the city is expected to slash a bond sale by 71 percent to $40 million because the multitude of uncertainties facing the city have made it difficult to borrow. The struggling New Jersey gambling hub planned a mid-November bond sale of up to $140 million to refund old debt and pay for property tax appeals by overvalued casinos.

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