Search
 

GlobeSt.com UPDATE: State Panel Rejects Greektown Casino Expansion Plan

DETROIT-The Michigan Gaming Control Board gives a split decision by approving plans for the MotorCity casino expansion, but rejecting the $200 million Greektown casino plan.

By Dan Heaton | Updated on September 14, 2005

(To read more on the debt and equity markets, click here.)

DETROIT-The Michigan Gaming Control Board has rejected a planned expansion at the Greektown Casino in Detroit, raising concerns over the financing of the project. But the state panel has approved an expansion at the MotorCity casino.

MotorCity’s plans to add 100,000 sf of gambling space and an 18-story 400 room hotel at the casino’s present location, at the intersection of Grand River and the Lodge expressway in Detroit. The plan also includes a convention area, a 1,200-seat multi use theater, restaurants, bars and 4,400 parking spaces.

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.