Location |
Atlantic City, New Jersey |
---|---|
Project Sponsor / Borrower |
South Jersey Transportation Authority (SJTA), New Jersey Department of Transportation (NJDOT), Casino Reinvestment Development Authority |
Program Areas |
|
Value Capture Techniques | Tax Increment Financing |
Mode |
Highway and Tunnel |
Description |
The 2.4-mile Atlantic City-Brigantine Connector is a roadway, tunnel, and related ramps that link the Atlantic City Expressway to a former landfill site, now home to the Borgata Hotel Casino & Spa, in Atlantic City, New Jersey. The connector includes a 2,900-foot cut-and-cover tunnel, 16 bridges, 15 ramps, 23 retaining walls, variable message signs, drainage and landscaping. This $330 million design-build project was made possible through a partnership between Atlantic City, South Jersey Transportation Authority, New Jersey Department of Transportation, Casino Reinvestment Development Authority, and Mirage Resorts, Inc. (MRI). The project opened up the city's Marina District to significant economic development that included not only the $1.3 billion Borgata, which opened in 2003 (the first new hotel property opening in Atlantic City in 13 years) but also expansions of several existing casino hotels in or adjacent to the Marina District. The project involved three components:
The project provided improved access to the Marina District and the Brigantine Island community to the north, reducing congestion on the existing Brigantine Blvd. and improving emergency evacuation capacity. |
Cost |
$330 million |
Funding Sources |
State funds (motor fuel taxes) - $95 million South Jersey Transportation Authority (tolls and parking fees) - $125 million Mirage Resorts Inc. (cash and advance alternative cash credits from incremental property, sales, and business tax proceeds resulting from the newly constructed hotel and casino) - $110 million |
Project Delivery / Contract Method |
Design-build |
Private Partner |
Design-builder - Joint venture between Yonkers Contracting Company and Granite Construction Company |
Project Advisors / Consultants |
Not available |
Lenders |
Not applicable |
Duration / Status |
|
Financial Status |
Closed |
Innovations |
The depressed highway/tunnel design minimized disruption to the adjacent neighborhood and permitted creation of a neighborhood park over the tunnel portion of the facility |
Related Links / Articles |
Case Studies of Transportation Public-Private Partnerships in the U.S. (see p.3-121) |
Contacts |
South Jersey Transportation Authority
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