Search
 

Casino Projects Slip Off City Radar Screen

DETROIT-Three casinos are playing the waiting game. The would-be operators of MGM Detroit are frustrated at the lack of movement on plans, which isn't expected to get any better until after city elections.

By Robert Carr | Updated on September 04, 2001

DETROIT-MGM Detroit Casino officials won’t say where they’d like to be, but have expressed frustration at the city’s bungling of the riverfront casino plans. Three casinos had been scheduled to begin building three permanent sites along the Detroit River under an agreement with Mayor Dennis Archer and the city council.

The project, which would have included large casinos, hotels and restaurants, was to total about $2 billion.

However, city officials tasked with condemning or buying up the 40 acres of riverfront land could not secure enough of the property, even with a year-long extension. In April, Archer announced the deal had faltered, and only MGM Grand was to build a permanent casino on the site.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.