Search
 

GlobeSt.com UPDATE: State Senate Derails 'Slots' Legislation

PHILADELPHIA-By burying a House bill that would legalize slot machines in

By Marita Thomas | Updated on July 25, 2003

PHILADELPHIA-The State Senate sent back to committee a House bill tolegalize slot machines at designated locations in the state and raise an estimated $1billion in revenue. The move not only derails the bill but alsoPhiladelphia’s hopes for a 300,000-sf, $500-million expansion of the PennsylvaniaConvention Center here.

That’s not all of the City’s financial loss that comes from failure to passthe legislation. It will also lose an estimated $17 million a year to fundthe Center’s operations and a projected 10%-cut in the City’s wage tax. The taxis cited by Paul Levy, executive director of Center City District and CentralPhiladelphia Development Corp., among others as a deterrent to luringbusinesses here.

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.