Extends certain provisions of CRDA Urban Revitalization Program.
This bill extends the duration of annual funding grants for developers building entertainment-retail districts in Atlantic City under the CRDA Urban Revitalization Program. It changes the maximum grant period from 20 to 40 years per project and increases the total grant cap from three to five times a project's approved cost. Developers of completed projects that previously exhausted their 20-year grant eligibility will also gain an additional 20 years of funding access. The bill directly affects developers who have built or are building district projects within designated entertainment-retail zones approved by the CRDA.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2025
Committee Review
Floor Vote
Governor
Introduced Oct 27, 2025
Last action Oct 27, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Oct 27, 2025
Introduced
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Vince Polistina
RRepublican
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