Head of Atlantic City s Casino Reinvestment Development Authority to step down

Matthew Doherty is set to leave his role as Executive Director of the Casino Reinvestment Development Authority (CRDA) in Atlantic City

Matthew Doherty is circle to go away his role as Executive Director of the Casino Reinvestment Development Authority (CRDA) inwards Atlantic Ocean City.

Doherty will go away his stake at the final stage of Jan for a job inward the private sector. He was recruited by Gov. Phil Murphy to head up the reinvestment office 4 years ago. The commonwealth authority is tasked with redeveloping Atlantic City using reinvested gambling casino money.

Rich Tolson, Vice Chairman of CRDA’s Board of Directors, is also mark to depart the agency.

The federal agency runs on payments that casinos are required to make believe towards projects to welfare the city, with those payments latterly existence targeted for Atlantic City as opposed to the intact state. The authority also shares some planning and zoning dominance with the city, especially when it comes to larger projects.

Doherty, the former Mayor of Belmar, received luxuriously praise for his handling of the area’s retrieval after Superstorm Sandy decade years ago, with the townsfolk becoming the foremost at the island of Jersey Shore to reconstruct its boardwalk after the storm.

“It has been a pleasure to dish up inwards the Murphy Administration and I give thanks Gov. Murphy, and the CRDA room for this opportunity the past quatern years,” said Doherty. “I check remarkable possible inwards Atlantic City and i trust there testament live a renaissance in the urban center o'er the next v to X years.”