The Board of the New Jersey Casino Reinvestment Development Authority just approved an amendment to a previous agreement that will bring a thrilling sporting event to Atlantic City for the next three years.
Specifically, the board amended an original five-year deal that provided a fund reservation in amount that would not exceed $750,000 to host the Challenge Atlantic City Triathlon in conjunction with a Vigo and DelMoSports and Entertainment, LLC. The new agreement will reallocate the leftover $189,890.40 of funding to support a plan from Maximus Productions, LLC—owned by Stephen Del Monte—to host the Ironman Atlantic City 70.3 in 2016, 2017 and 2018.
The impressive event features a 1.2-mile swim, 56-mile bike ride and a 13.1-mile run. The hope behind the event is to bring an exciting, world-class triathlon to Atlantic City that will attract a large number of visitors to the city and sell thousands of hotel room nights.
“We are excited to continue our relationship with Mr. Del Monte and we look forward to bringing the Ironman event to Atlantic City over the next three years,” says John Palmieri, executive director, CRDA.
