Architectural and engineering plans for Atlantic City Development Corporation’s first project, including a proposed Stockton University satellite campus, have been submitted for land-use approval.
A site plan submitted to the Casino Reinvestment Development Authority lays out on a molecular level the components of the campus, a South Jersey Gas corporate headquarters, and a 879-space garage proposed to be built on 270,000 square feet of land in the city’s Chelsea section.
The Authority, which regulates land-use in the city’s Tourism District, must approve the plan, which will be the subject of a public hearing scheduled for Feb. 25.
In November, Chris Paladino, an attorney who heads both groups, said the project relies on a patchwork of public and private financing, including $44 million from South Jersey Gas; a $17 million grant from the Authority; subsidies from the state Economic Redevelopment and Growth Program; bond debt issued by the Atlantic County Improvement Authority; and a private equity investment.