After a decade of disappointments and setbacks, federal and local officials broke ground Monday on the Stockton Aviation Research and Technology Park.
In the next few weeks, Hessert Construction Group will begin laying the foundation for the three-story, 66,000-square-foot building that will create an estimated 200 to 250 full-time jobs and feature high-speed connectivity to the William J. Hughes FAA Technical Center laboratories, state-of-the-art classrooms and conference rooms, and a rooftop lounge.
The groundbreaking was a major milestone for Atlantic County, whose economy has relied heavily on a gambling market that continues to struggle amid the closing of five casinos in Atlantic City.
The building, set to be completed in about a year, is owned by the Atlantic County Improvement Authority because it put up $17.2 million to hire Hessert and get construction started. The Casino Reinvestment Development Authority also chipped in over $2 million.