According to a slate of published reports this week out of Atlantic City, Liza Cartmell — president of the Atlantic City Alliance marketing group — is leaving her position at the helm of the organization.
The decision comes as pending legislation looms that would effectively dissolve the group and its funding.
“As you all so painfully know, Atlantic City is in a time of transition and all its major institutions are proactively adapting to a new reality,” Cartmell is quoted in one report.
According to Philly.com:
The organization was created by legislation in 2011 and funded by casinos. In addition to Do AC, it has sponsored large-scale events, public art installations, and social media for the beleaguered resort.
Just two short months ago, the group’s board, which is largely comprised of casino executives, determined that they would ask the state legislature to “disband the organization.”
“Proposed legislation would divert its $30 million to help Atlantic City pay off its crushing debt – much of it owed to the Borgata as a result of tax appeals,” the report explains.