It led to all sorts of bad conclusions about this place.' (However, the tax credit was tied to future revenues-which in the end never materialized.) 'When the project stopped, it was a real downer. 'It's extremely important psychologically for the city,' Christie said at the time. Chris Christie’s pledge to invest in Atlantic City’s tourism industry. The state of New Jersey also promised to help via a $261 million tax credit to the Revel, thanks to Gov. He managed to raise $1.15 billion in three loans from 15 to 20 hedge funds. With New Jersey Governor Chris Christie's support, in January 2011 he went to Wall Street in search of his needed $1.4 billion.
Still, DeSanctis made the rounds to bring his stalled project back to life.
