S 4747 New Jersey Senate · 2024-2025 Regular Session

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
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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
Photo of Vince Polistina
Vince Polistina
RRepublican
NJ
2