Matthew Doherty is set to leave his role as Executive Director of the Casino Reinvestment Development Authority (CRDA) in Atlantic City.
Doherty will leave his post at the end of January for a job in the private sector. He was recruited by Gov. Phil Murphy to head the reinvestment agency four years ago. The state agency is tasked with redeveloping Atlantic City using reinvested casino money.
Rich Tolson, Vice Chairman of CRDA’s Board of Directors, is also set to leave the agency.
The agency runs on payments that casinos are required to make towards projects to benefit the city, with those payments recently being targeted for Atlantic City as opposed to the entire state. The agency also shares some planning and zoning authority with the city, especially when it comes to larger projects.
Doherty, the former Mayor of Belmar, received high praise for his handling of the area’s recovery after Superstorm Sandy ten years ago, with the town becoming the first at the Jersey Shore to rebuild its boardwalk after the storm.
“It has been a pleasure to serve in the Murphy Administration and I thank Gov. Murphy, and the CRDA board for this opportunity the past four years,” said Doherty. “I see remarkable potential in Atlantic City and I believe there will be a renaissance in the city over the next five to ten years.”
Crown Resorts has received a revised non-binding proposal from a group on behalf of funds managed by Blackstone Inc. and its affiliates, to acquire all of Crown’s shares at…
Ah, 2021. What a year. Will we miss it, and the accompanying pandemic restrictions stretching over from 2020? Probably not, although that’s not to say we at Gambling Insider haven’t had…