New state rescue plan unlikely to solve Atlantic City's problems
TRENTON — Did you think the drama over Atlantic City was over now that Gov. Chris Christie has signed a long-debated rescue package?
State Senate President Stephen Sweeney said Tuesday he'll be "shocked" if the seaside gambling resort fulfills the goal of the legislation and drafts an acceptable plan to fix its troubled finances by October, the deadline to avoid a state takeover.
Instead, Sweeney (D-Gloucester) told a group of reporters at his Statehouse office that he expects the state to reject whatever plan the city submits and then for local officials to file a lawsuit to block a takeover.
"At the end of the day, I am not confident they will solve their own problem," he concluded.