Developer Bart Blatstein, who planned a casino complex on
North Broad Street at the site of the former Inquirer building, said he has
withdrawn his appeal of the decision that gave the casino license to another
bidder.
Blatstein's proposal included a casino but also a hotel
and other pieces in a three-block-deep complex named The Provence and fronted
at 400 N. Broad St.
In a statement, Blatstein and Tower Entertainment, said
it "has made the decision to withdraw its appeal of the Pennsylvania
Gaming Control Board's issuance of the Category 2 gaming license to Philly
Live."
Live! Hotel and Casino, which plans to develop a site
near the stadium complex in South Philadelphia, was the winning bidder when the
board announced the results in November.
Live! will be built and owned by a partnership of Baltimore-based
Cordish companies and Greenwood Racing Inc.
The Tower Entertainment statement concludes:
"It's unfortunate that the Gaming Board passed on a
transformational, game-changing development in The Provence and instead settled
for another dumbed-down, slots-in-a-box project in a land-locked, congested
location with zero potential for economic development spin-off."
Source: Philly.com
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