Renaissance Plaza Associcates v. City of Atlantic City

RIMM, J.T.C.

This is a local property tax matter involving issues of exemption, valuation, and discrimination. The matter is presently before me on plaintiffs motion for summary judgment determining that the property is exempt from local property taxation and on defendant’s cross-motion for summary judgment determining that the property is subject to local property taxation.

Plaintiff, Renaissance Plaza Associates, L.P. (“Renaissance”), filed with the Casino Reinvestment Development Authority (“CRDA”) a proposal for development of an urban shopping center to be anchored by a supermarket. The…