Tuesday, August 25, 2009

Oh, look! The Foxwoods Casino can't figure out where they're going to build! CLICK HERE for the article.

It's the guessing game of the summer: What is happening with Foxwoods Casino?

Is it headed for the old Strawbridge & Clothier department store in Center City, or back to the South Philadelphia waterfront? Is it going anywhere at all?

In other words, we have a casino that we THOUGHT had its location all settled, only now its potential location is up in the air again.

Oh, and here is a fascinating detail which I hadn't realized until I saw this article:

Rendell said one of the Foxwoods investors - entrepreneur Lewis Katz, whose family charitable trust is a partner - indicated to him that a relocation petition would be submitted "in a month or so." Other investors include family trusts for developer Ron Rubin and Comcast-Spectacor chairman Ed Snider.

OK, we have a proposed South Philly waterfront location that has a good 50 civic and religious associations opposed to the idea and combating it tooth and nail. We have a proposed location in a former department store building, which is on hold because a tenant in that building is opposed to having a casino move in. Neighborhood civic associations nearby are also in opposition to having a casino in the old Strawbridge and Clothier flagship building.

Aaaaaand we have a major investor in this Foxwoods venture who JUST so happens to be involved with a big development project, which will allegedly include a luxury hotel, down at Broad and Pattison... a project which has been rumored to be having trouble lining up things like tenants, investors, and/or financing.

How many times have I predicted, aloud and in print, that I expect someone to make a play to put a casino in that Limb-of-Satan Cordish development? If Foxwoods can't get its act together for either of its previously proposed locations, I expect Broad and Pattison to magically emerge as a proposed Plan C.

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