Foxwoods Casino Philadelphia
| Foxwoods Casino Philadelphia | |
|---|---|
| Location | Philadelphia, PA (United States) |
| Address |
The Gallery at Market East Philadelphia, PA |
| Casino type | Land-Based |
| Website | www.foxwoods.com |
Foxwoods Casino Philadelphia was a proposed casino to be located first along the Delaware River, then under pressure from local residents attempted to move to The Gallery at Market East in Center City in Philadelphia, PA. It was one of five stand-alone casinos awarded a gaming license on December 20, 2006 by the Pennsylvania Gaming Control Board.
The Philadelphia Inquirer states that Stephen Wynn (Graduate and former Trustee of University of Pennsylvania) and Wynn Resorts have signed a non-binding deal to take over the long delayed Foxwoods Casino in Philadelphia.[1]
On October 26, 2010 it was announced that Harrah's Entertainment[2] (pending signing final agreement) would buy a one-third stake and be in charge of operations in the casino. Harrah's Provided artist rendition of what the project would looking like to the Pennsylvania Gaming Control Board, that featured Horseshoe as the Casino brand[3] on November 18, 2010. These plans show a two-story, 57,463-square-foot (5,338.5 m2) casino located at Columbus Boulevard and Reed Street. The casino will sit back about 300 feet (91 m) from Columbus Blvd. Plans include an Asian gaming room, a noodle bar, and a riverfront sports bar under a steakhouse. Parking will be in surface lots with 1,376 spaces. The casino is expected to cost $438-million and will include 1,500 slots and 70 table games. The second phase will include a 2,250-space parking garage located at Columbus Blvd. and Tasker Ave. Harrah's Entertainment failed to meet the deadline and the license was revoked on December 16, 2010.
History
Originally, it was planned to be located along the Delaware River in South Philadelphia. It was to be built on a 16.5-acre (67,000 m2) site between Tasker and Reed Streets that was to include 3,000 Slot machines, an 1,800 seat showroom, a 4,500 space parking garage, and future expansion to a casino with 5,000 slot machines and a 500-room hotel.[4]
In September 2008, residents opposed to the development forced the developers of the Foxwoods Casino to move proposal to The Gallery at Market East. This proposal was endorsed by both Mayor Michael Nutter and Governor Ed Rendell but was opposed by local residents. The original proposal for the Foxwoods Casino at The Gallery at Market East was for a 3,000 slot machine casino on two floors currently occupied by Burlington Coat Factory, forcing that store to relocate.
On February 26, 2009, it was announced that the developers were looking into locating their new casino onto three floors of the former Strawbridge's flagship store, which is currently vacant and owned by the Pennsylvania Real Estate Investment Trust, the owners of The Gallery.[5]
In April 2009, Comcast exec and Foxwoods investor Ed Snider was forced to return campaign contributions to then-Governor Ed Rendell, which was barred by campaign finance laws.[6]
In June 2009, the Center City site began to unravel in the face of opposition from the owner of the buildings top 15 floors.[7] The difficulties Foxwoods has faced in Philadelphia also highlight the challenges of building an urban casino. Casino companies, for the most part, have avoided such plays in the US, sticking to less controversial rural, suburban or riverboat locations, industry observers say. Casino developers almost always face complaints about traffic and the impact on nearby residential areas wherever they build, but such concerns become particularly intense amid densely packed city neighborhoods.
In February 2010, Steve Wynn was brought in as the managing partner of the project. The location was returned to its original Waterfront site, and Wynn said that there would be no hotel built on the location. Steve Wynn views Philadelphia as a major feeder market to his Las Vegas resort. The casino will be about 3 miles (4.8 km) from the SugarHouse Casino which is also on the riverfront just north of downtown.
Withdrawal
On April 8, 2010, Wynn announced that his company was withdrawing from the project, three days after presenting plans for the Foxwoods site to the Pennsylvania Gaming Control Board.[8]
License Revoked
On December 16, 2010, the Gaming Control Board voted to revoke the casino's license after the venture failed to secure funding.[9][10]
See also
References
- ↑ http://www.philly.com/philly/news/breaking/20100223_Steve_Wynn_takes_over_Foxwoods_project.html
- ↑ http://www.philly.com/philly/blogs/cityhall/Foxwoods_Has_Until_Dec_10_To_Close_Harrahs_Deal.html
- ↑ http://philadelphia.cbslocal.com/2010/11/18/last-chance-for-foxwoods/
- ↑ Lorraine Gennaro (January 4, 2007). "Done deal". South Philly Review.
- ↑ Lin, Jennifer (February 26, 2009). "Another casino shift possible in Phila.". The Philadelphia Inquirer. Retrieved 2009-02-27.
- ↑ "Comcast exec’s political donation being given back", Marshall Independent. April 16, 2009. Accessed June 8, 2011
- ↑ "Foxwoods Philadelphia Story Faces Potent Urban Opposition". gamblingcompliance.com.
- ↑ Lin, Jennifer (April 8, 2010). "Wynn pulls out of casino project". The Philadelphia Inquirer.
- ↑ Wittkowski, Donald (2010-12-16). "Gambling panel revokes license for proposed Foxwoods casino project in Philadelphia". Atlantic City Press. The Press of Atlantic City Media Group. Archived from the original on 2010-12-16. Retrieved 2010-12-17.
Pennsylvania gaming regulators revoked the license for a proposed Philadelphia casino Thursday that would have been a potentially powerful competitor...
- ↑ "Foxwoods license revoked", The City Paper. December 16, 2011. Accessed June 8, 2011