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STATE v. TRUMP HOTELS & CASINO RESORTS, INC.

715 A.2d 1052 (1997)

314 N.J. Super. 651

The STATE of New Jersey, and The Casino Reinvestment Development Authority, Plaintiffs, v. TRUMP HOTELS & CASINO RESORTS, INC., Defendant.

Superior Court of New Jersey, Law Division, Atlantic County.

May 14, 1997.

Attorney(s) appearing for the Case

Michael Cole, for plaintiffs State of New Jersey and Casino Reinvestment Development Authority (Riker Danzig Scherer Hyland & Perretti, attorneys).

Theodore Geiser, Roseland, for plaintiff Casino Reinvestment Development Authority (Connell Foley & Geiser, attorneys; of counsel and on the brief).

Peter Verniero, Attorney General, for plaintiff State of New Jersey (Jeffrey J. Miller, Assistant Attorney General; of counsel and on the brief).

John J. Barry, Newark, for defendant (Barry & McMoran, attorneys; Adam N. Saravay, Thomas F. Doherty and Diane M. Schulze, Newark, on the brief).

Herbert J. Stern, Roseland, for defendant (Stern & Greenberg, attorneys; of counsel and on the brief).

WILLIAMS, A.J.S.C.

This matter involves a challenge to urban redevelopment and environmental cleanup initiatives of the Casino Reinvestment Development Authority ("CRDA"), and the State of New Jersey ("State"). CRDA and the State seek a declaratory judgment that Article IV, § 7, ¶ 2 of the New Jersey Constitution is not violated by:

1. use of the proceeds from the sale of bonds to casino licensees or of investments made by casino licensees pursuant...

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