Atlantic City Belt-Tightening Plan Aims To Avoid Takeover

WAYNE PARRY, Associated Press
ATLANTIC CITY, N.J. (AP) — Atlantic City plans to sell land, lay off 100 more workers, pay down most of its $500 million debt and slash other expenses during the next five years to fight off a threatened state takeover of its assets and decision-making power.
Mayor Don Guardian unveiled the city’s long-awaited fiscal turnaround plan Monday evening, just days before New Jersey lawmakers and Republican Gov. Chris Christie’s administration are to cons