A Devco go loan goes a long way, and it has been reported by the Press of Atlantic City that the loans are very sought after and important for big cities in New Jersey. The loans that Devco puts together have been made to put certain hotels or casinos in towns in New Jersey. This is true of every city in New Jersey that is in need of more money for development on pressofatlanticcity.com.
The loans that Devco puts together are really nice for all their clients because Devco does a lot more than give people loans. Devco actually makes sure that all the loans are used in a way that makes sense. This is something that people forget because they think the cities all have plans drawn up, but it works much better when Devco is helping the cities choose the kinds of projects they are going to do. Devco steps in to make sure that all the jobs are done in a way that makes sense for everyone.
There are a lot of people who are counting on jobs from new casinos to help them, but they cannot get those jobs unless Devco puts loans through to towns like New Brunswick. The Devco staff is working with cities to give them every dollar they need, and they are showing these cities how to get the development done in the right way. There are other things to build like movie theaters, shopping malls, residential and commercial properties, but a lot of that starts with the hotels and casinos from Devco.