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|06-30-2008, 05:36 PM||#1|
Join Date: Oct 2005
Member Number: 728
Thanked 7,112 Times in 3,201 Posts
Pittsburgh Casino On The Rocks?
Can someone living in the Burgh please educate me as to whether awarding the Pittsburgh "casino" (aka slots palace) license to Don Barden appears to be as FUBAR as this indicates:
Construction work is to be shut down for about two weeks at the Pittsburgh Majestic Star casino site, officials announced today, because owner Don Barden has yet to complete financing to cover costs owed to contractors.
Mr. Barden's spokesman, Bob Oltmanns, said this afternoon that a private investment firm headed by Chicago billionaire Neil Bluhm has committed to provide $120 million in equity for the project. Mr. Barden has been looking for a total of $780 million, however, to cover the casino project's full costs.
For those in the know, did Barden get the Pittsburgh slots license as some misguided nod to "diversity" or was it just good old fashioned corruption?
|06-30-2008, 05:53 PM||#2|
Join Date: Jun 2006
Location: The Burgh
Member Number: 2413
Thanked 0 Times in 0 Posts
Re: Pittsburgh Casino On The Rocks?
In the words of Mario Lemeiux - who turns down free money (Isle of Capri) to build buildings for public use? Why the bloody blue hell the Isle of Capri was turned down is still beyond me.
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