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UNITE HERE Local 54 Secures Signatures for Public Vote on Revel Entertainment Casino Bond Financing
ATLANTIC CITY, N.J.-(Business Wire)-August 27, 2008 - UNITE HERE Local 54 announced it submitted a referendum petition to allow Atlantic City residents to vote on the City Council’s recent decision to negotiate an agreement to provide $56 million in municipal bond financing to Revel Entertainment Group, LLC.
“The response from the people of Atlantic City has been overwhelming, and we have submitted far in excess of the required number of signatures needed to send this Revel Entertainment municipal bond financing deal to a vote of the people,†said Bob McDevitt, President of Local 54.
On August 6, the City Council of Atlantic City voted to approve an Ordinance to negotiate a contract to provide $56 million in municipal bond financing to Revel Entertainment Group. The company is currently in the process of developing a casino resort on twenty acres of land along the Atlantic City boardwalk.
UNITE HERE Local 54 represents workers at all 11 casinos in Atlantic City, and recently concluded successful contract renewal negotiations with the Borgata. In 2004, Local 54 waged a 34 day strike at seven Atlantic City casinos, the longest strike in Atlantic City history. In 2007, Local 54 opposed the license renewal of the Tropicana Casino and Resort in Atlantic City.
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