Jim Walsh reports for the Courier-Post:


A state agency has approved an $18.3 million tax break for a Camden Waterfront hotel proposed by an investor group affiliated with Democratic power broker George E. Norcross III.


The Economic Development Authority, which endorsed the incentive at a June 13 meeting, earlier this year backed a $245 million tax break for a Waterfront office tower planned by the same investors.


The EDA also approved a $3 million low-interest loan for the eight-story hotel at Cooper Street and Riverside Drive.


The 180-room hotel will cost about $52.8 million, with hotel owner CHP Land LLC covering 40 percent of the expense.