BUSINESS

John Palmieri debuts as CRDA executive director

TAGs: Casino Reinvestment Development Authority, John Palmieri

john palmieriJohn Palmieri recently made his debut as the state Casino Reinvestment Development Authority’s (CRDA ) new executive director, with high expectations of his ability to turn around the fortunes of Atlantic City. State officials hope increased investment in the resort will soon follow.

Don Marrandino, who heads the Alliance and is president of the Bally’s, Caesars, Harrah’s Resort, and Showboat casinos said: “Getting quality people like John, who I read about and met, and the executive we’re going to announce – we have some real CEO firepower to help us turn the city’s image and fortunes around,”- Pressofatlanticcity.

Palmieri has been successful in the past in attracting business and tourism, he’s credited for implementing a vibrant arts and entertainment district in Providence. Palmieri also headed the Boston Redevelopment Agency. Atlantic City is certainly hoping it’s not a gamble that he can duplicate his past success in his new role.

John Palmieri will step into what potentially could become the most powerful position in Atlantic City. Overhauled state laws in effect have given the CRDA control of the local hospitality industry making the role Palmieri is undertaking one of the most powerful and important positions in Atlantic City.

CRDA Board Chairman James Kehoe said Sunday,”He brings more confidence to Atlantic City as executive director…He’s done this before, he’s been successful. There are investors who are developers, who love John and know he’s going to be here and what he brings to the table.” – Pressofatlanticcity.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com