“I inform you what we’re not likely to do. We’re not write a blank check to the government,” Christie said to a neighborhood radio host in an interview. Christie continued, “They won't play chicken with me or test me. I CAN'T change my view in this. The state isn't providing to any extent further money. It’s over. The bank card was break up and canceled. They need to be responsible.”
To many analysts Christie’s comments sound find it irresistible may have come right out of the mouth of his new friend Donald Trump who has stated again and again that he abhors bailouts (except when it’s his business which might be about to move under) however the truth is that Christie’s concerns are justified. Atlantic City have been hemorrhaging money from state coffers for years as casino revenues continue to say no and residents continue to escape the town in droves. Atlantic City has a deficit of over $120 million and that number is simply expected to grow. Besides the town owes several casinos money for tax refunds and Borgata has gone to court to take a look at and force town government to pay it half the $150 million it's owed. City officials argued that whether it is forced to pay this out abruptly it is going to force them into chapter 11. Four casinos have closed their doors within the last 4 years and in line with Moody’s as much as 5 others is usually forced to near within the near future in addition. And to most observers it seems that everything at the Boardwalk might be closed by 2020.
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