Atlantic City seeks fifth federal Opportunity Zone for Marina District

Atlantic City could gain a fifth federal Opportunity Zone covering the entire Marina District, under a proposal recommended by Gov. Mikie Sherrill to the U.S. Department of the Treasury. The designation would extend tax incentives to qualifying investors and build on four existing zones in the city. The proposal comes amid other development plans, including an approximately 70-acre MGM project between Borgata and Harrah’s and a state-approved 182-unit waterfront project by Boraie Development near the Golden Nugget.