New Jersey Gov. Chris Christie signed an executive order Thursday to take over troubled Atlantic City's finances, and he appointed an emergency manager to oversee the gambling resort's daily operations, nj.com reports,
The Republican governor named Kevin Lavin to head an emergency management team and named Kevyn Orr, who led Detroit out of bankruptcy, as a part-time counsel, the news site said.
"I can't wait any longer," Christie said, according to nj.com. "We need more aggressive action, and that's the action I'm taking today."
Lavin is a corporate attorney who most recently worked for FTI Consulting in New York, according to the website.
Atlantic City's municipal finances have declined with the fortunes of the local casino industry, which has suffered steep losses from competition in nearby states.
Orr is a former corporate bankruptcy lawyer who Detroit through the biggest-ever U.S. municipal bankruptcy.