New Jersey § 52:27h-29

§ 52:27h-29.

The Legislature finds that the tourist, resort and convention industry of Atlantic

City has traditionally made an important contribution to the economic vitality of

this State; that the recent revitalization of that industry as a result of the authorization

of casino gaming in Atlantic City has resulted in significant economic benefits not

only to the residents of the city and its immediate environs, but to all of the residents

of the State in the form of increased business and employment opportunities and augmented

State and local revenues; and that the future growth of this industry will depend

in part upon the provision and operation of an attractive convention center in Atlantic

City or the promotion and marketing of the city of Atlantic City and the provision of an adequate mechanism whereby the interests and efforts of the

State, the city and the private sector may be effectively coordinated and the financial

soundness of a convention center assured. To this end, the Legislature declares the establishment of an authority having the

requisite power to own, lease, promote, operate , maintain , transfer and sell a convention center project in Atlantic City and to promote and market the city of Atlantic City to be in the public interest of the citizens of this State. The Legislature further finds that it is in the best interests of the State for the

Atlantic City Convention and Visitors Authority established pursuant to the provisions

of P.L.1981, c. 459 ( C.52:27H-29 et seq. ), which is the entity most closely related to the facilities and operations of the

Atlantic City convention center project, to acquire ownership of and assume responsibility

and control over the daily operations of the project.