The $200 million campus is a key component of the rescue strategy intended to revive the failing, crisis-plagued gambling resort
The project to overhaul Atlantic City’s economy is about to go into overdrive. Not only is the city government facing an end-of-year deadline to dramatically cut its budget or face an unprecedented state takeover, but a key recommendation to spur development appears set to begin bearing fruit, possibly within a few weeks — in the form of a new campus for Stockton University.
The creation of the Atlantic County Development Corporation was among several recommendations offered a year and a half ago by Gov. Chris Christie’s advisory commission on gaming, which was tasked with analyzing the resort city’s financial troubles and coming up with a rescue strategy. The not-for-profit AC Devco was set up last year and is poised to begin construction of its first project, a new $200 million beachside campus for Stockton that will accommodate 1,800 students.