Chris Christie's Solyndra, Revel Casino Bankruptcy after $261 million. Christie said in 2011 "This is a model for the future."Submitted by NJlibertygov on Tue, 02/19/2013 - 23:22
Chris Christie is no conservative. He supports big government, and one example is the Revel Casino in Atlantic City, NJ. The investment bank Morgan Stanley stopped construction on this project and wrote down a $1.2 billion loss.
Christie said that the government had to get involved to finish the construction of the casino that the private sector said would be unprofitable. The labor unions wanted the casino finished, so that they could go back to work building it, and Christie agreed and pumped gave out hundreds of millions of state dollars for a casino. Talk about spreading the wealth around.
He gave Revel $261 million in state tax incentives, and said that Revel was the "model for the future" and called it a game changer for Atlantic City, yet less than a year later it is bankrupt and Atlantic City struggling.
He's a liberal Republican.