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Source: Press of Atlantic City · Jul 24, 2026, 3:46 AM

AI-assisted briefing from the publisher’s public headline and excerpt — not original reporting. How we write briefings

Atlantic City skyline with Borgata Hotel Casino

Atlantic City Council has authorized negotiations for a long-term tax exemption with MGM Resorts International to support the development of up to 1,800 new market-rate housing units on vacant land near the Borgata Hotel Casino.

The deal aims to address housing supply while providing incentives for the major resort operator to invest in residential development on its Atlantic City properties.

Key points

  • Atlantic City Council approved tax exemption negotiations with MGM Resorts International
  • The project would create as many as 1,800 new market-rate housing units
  • Development would occur on vacant land owned by MGM near Borgata Hotel Casino
  • Tax incentives are designed to encourage major resort investment in residential development
  • The initiative addresses housing supply needs in Atlantic City

FAQ

How many housing units would MGM Resorts develop?
MGM Resorts International could build as many as 1,800 new market-rate housing units on vacant land it owns near the Borgata Hotel Casino in Atlantic City.
What incentive did City Council authorize?
Atlantic City Council authorized the negotiation of a long-term tax exemption with MGM Resorts to help facilitate the housing development project.
Where would this housing project be located?
The housing units would be built on vacant land owned by MGM Resorts near the Borgata Hotel Casino in Atlantic City.

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