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The NJ Casino Reinvestment Development Authority forced by former admin. to make bad loan.

The Press of Atlantic City reports that the former governor of New Jersey pressured the CRDA to make a $4 million loan to another state agency. Corzine's administration pressed the agency responsible for reinvesting casino dollars to make the loan, former Executive Director Tom Carver said. The loan helped a Democratic Party contributor and Corzine adviser to buy an affordable housing complex in Elizabeth, Union County. After the Department of Community Affairs couldn't repay the loan, the CRDA forgave nearly all of the debt.

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