Atlantic City Belt-tightening Plan Aims To Avoid Takeover

ATLANTIC CITY, N.J. (AP) — Atlantic City plans to sell land, lay off 100 more workers, pay down most of its $500 million debt and slash other expenses during the next five years to fight off a threatened state takeover of its assets and decision-making power. Mayor Don Guardian unveiled the city's long-awaited fiscal turnaround plan Monday evening, just days before New Jersey lawmakers and Republican Gov.

 

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