Thursday, March 31, 2011

WyCo endorses casino proposals - Kansas City Business Journal:

http://jadarfarms.com/contract.html
The United Government of Wyandotte County/Kansa s City, Kan., endorsed two proposals for a casinpo inthe county. On Thursday, the Unified Government’s Board of Commissionerd gave its approval of proposals by and afte the twocontractors “sweetenecd the pot” in their fina l proposals presented at the said Hal Walker, the Unified Government' chief counsel. Walker said Kansasd Entertainment promised to pay the UnifiedGovernment $2.5 millionj for every year the hotel accompanyin g the casino is not built. He said Penn committed to providinyg 2 percent of its net revenur to charitable organizations inWyandotte County.
The two proposals will go befor the Kansas Lottery Commission in hearings on June 17 andJune 25. Once the Lotteru Commission approvesthe proposals, the Kansas Lotteryh Gaming Facility Review Board will have 60 days to selectr a proposal. Walker said he is confidengt the review board will chooses one of the two proposals and expectws groundbreaking by the end ofthe summer. Kansax Entertainment, a venture of Kansas Speedway and , wantsa to build a roughtly $700 million project that includes a hotel and meeting space adjacent to the Penn National, owner of the Argosy Hotel & Spa in Riverside, has proposerd a $500 million project at Interstatse 435 and Parallel Parkway in Kansas City, Kan.
The states will approve one operatorr for a WyandotteCounty casino.

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