Casino Reinvestment Development Authority

State of New Jersey
Casino Reinvestment Development Authority

Agency overview
Formed	1984
Jurisdiction	New Jersey
Headquarters	15 S. Pennsylvania Ave. Atlantic City, NJ 08401
Agency executives	Modia Butler, Chairman Sean Pattwell, Executive Director Maisha Y. Moore, Deputy Executive Director
Website	http://www.njcrda.com/

The Casino Reinvestment Development Authority or CRDA is a New Jersey state governmental agency that was founded in 1984 and is responsible for directing the spending of casino reinvestment funds in public and private projects to benefit Atlantic City and other areas of the state. From 1985 through April 2008, CRDA spent US$1.5 billion on projects in Atlantic City and US$300 million throughout New Jersey.^[1]

Reinvestment funds are received from New Jersey casinos, which are required by law to contribute 1.25% of gross revenue funds toward projects that are approved by the CRDA.