![]() The mayor’s hope is developers who would either repair or raze the properties. Stage set for closing Trump Taj Mahal in Atlantic City.With Atlantic City casinos closing, how are former workers and the city recovering?.Could entertainment save Atlantic City? Live Nation is betting on it.Mayor Don Guardian this week told The Associated Press the city would use tax liens, emergency condemnation or eminent domain proceedings. Atlantic City casinos were supposed to be a “unique tool for urban redevelopment.”Īnd while urban redevelopment didn’t work all that well during the heyday of casinos in A.C., now the closing of five casinos – and related losses of jobs and tax revenues – is triggering a giant fire sale in the troubled city that could change the cityscape.Ītlantic City plans to take possession of nearly 500 abandoned buildings and put them up for sale in hopes of raising enough money to stave off a threatened state takeover.
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