Casino news source: Biz Journal - http://www.bizjournals.com
Court clears way for casino groundbreaking
Tuesday, December 4, 2007 - 10:40 AM EST
Philadelphia Business Journal
SugarHouse Casino is planning to break ground on its Philadelphia project in a matter of weeks, aided by a Pennsylvania Supreme Court decision on Monday.
The court ordered the city of Philadelphia to process permits needed to begin construction on the $550 million slots casino on the site of the former Jack Frost sugar refinery. The lack of permits has held up the project. SugarHouse's parent company, HSP Gaming LP, sued the city last month in an effort to move the project along.
The casino, to be located on Delaware Avenue, north of the Benjamin Franklin Bridge, is one of two casinos awarded slots gaming licenses in the city by state regulators last December. Foxwoods Casino, which has also not been able to get its project under way, plans to construct a $560 million casino on a 16-acre parcel on South Columbus Boulevard near Reed Street.
"We are gratified by this decision and excited about the opportunities ahead," SugarHouse President Bob Sheldon said. "We remain committed to working with our neighbors to reach agreement on a community benefits agreement and look forward to creating thousands of new jobs and generating millions of dollars in new tax revenues for the city and commonwealth." |
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