Voters don't like tax breaks for Revel casino

A majority of those polled by the Fairleigh Dickinson University PublicMind poll recently oppose tax breaks for the stalled Revel casino project in Atlantic City.

Sixty percent agreed that "tax rebates shouldn't be given because they amount to a bailout of the Wall Street firm Morgan Stanley, a key backer of the project" while only 27 percent favor the tax incentives.

Morgan Stanley is seeking tax breaks of up to $350 million in property tax and sales tax abatements to complete the project. Interestingly, voters in South Jersey are just as opposed to the project as those in North Jersey.

"The scale and targeted nature of these tax incentives is compltely new," said Donald Hoover, a professor in FDU's International School of Hospitality and Tourism Management and a former casino executive. "While New Jersey and Atlantic City have offered incentives to particular casinos, they've never been anywhere near this large."

The poll of 802 registered voters statewide was taken between March 23 and March 28 and has a margin of error of 3.5 percentage points. Gov. Christie has not yet weighed in on the Revel tax breaks, but he will have the chance to sign or reject a bill that would mean the state tax breaks would no longer need approval from municipal officials.

To read some of our previous coverage of the Revel tax breaks, click here.

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