Stockton project to go before full CRDA board May 21April 18, 2019 Press of Atlantic City
Phase 2 of the Stockton University Atlantic City campus will go before the full Casino Reinvestment Development Authority board for land use approval May 21, after a hearing on the application Thursday.
Hearing officer Lance Landgraf, director of planning and development for CRDA, took testimony from experts for the developers of the $64 million project, the Atlantic City Development Corp. That entity developed the first phase that included an academic building, student housing and a parking garage for Stockton. It also developed South Jersey Gas’ new headquarters in the Chelsea section, next to the campus.
Landgraf will make a recommendation to the full CRDA board on whether to approve the land use. He is expected to fully support it, as it does not require any variances.
If all goes well, AC Devco will approach the CRDA board at its June 18 meeting to request a loan of $10 million to help with funding, said AC Devco President Christopher Paladino. He expects to break ground in September and finish by summer 2021.
“We have to be vigilant and keep the momentum going,” said Paladino. “Cities are fragile places, constantly reinventing and never finished.”