New Jersey Lt. Gov. Sheila Oliver was effusive in her confidence in Atlantic City’s fate during a virtual appearance before the state Assembly Budget Committee on Monday.
“I believe Atlantic City is going to have tremendous value for the state going forward,” Oliver — Gov. Phil Murphy’s designated overseer of the city — told the lawmakers. “Atlantic City provides economic support for the entire state, and I don’t think people understand that.”
“It’s the last bastion of undeveloped oceanfront in this state. I do believe many families in New Jersey are outpriced from some other shore comunities up and down the coastline. Just look at property values in Atlantic City, the square-feet cost to build something.
“Every couple of years there is a ‘hot market’ in New Jersey — Atlantic City is going to be the next ‘hot market,'” Oliver added.