Matt Doherty is the former mayor of Belmar, NJ. He’s now the Executive Director of CRDA, the temporary occupant of that revolving door of a seat.
Casino Reinvestment Development Authority. CRDA was created back in the 80s to help save Atlantic City and the State of NJ.
CRDA is funded in part, by a 1.25 % tax on casino revenues. But that’s not all. Plenty of other cash is also at CRDA’s disposal. Listen to the very good interview with Matt Doherty on the Harry Hurley radio show.