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Forest City-Harrah's Plan Casino

PITTSBURGH-Forest City says it will invest $1 billion in its Station Square retail-entertainment property, including a $512-million casino.

By Brian K. Miller | Updated on January 23, 2006

PITTSBURGH-If Forest City Enterprises and Harrah’s Entertainment can secure one of the casino licenses from the state gaming commission, the publicly held companies say they plan to invest $1 billion to transform Station Square development here that they acquired from the city a few years ago. The project would include the addition of a 400,000-sf casino managed by Harrah’s Entertainment.

In addition to the $512-milllion casino investment, the expansion of Station Square would include 1,250 residential condominiums, a 200-room addition to the Sheraton Hotel and street-level restaurants and retail. The long-term plan also includes an eventual expansion of the casino and a new 300- to 500-room hotel tower.

Forest City Enterprises and Harrah’s Entertainment acquired the Station Square property from the Pittsburgh History & Landmarks Foundation in 2003. Attracting 2.5 million visitors annually, Station Square is already the largest tourist attraction in Western Pennsylvania, according to Foundation president Art Ziegler. Existing attractions include a concert amphitheater, retail shops, restaurants, a marina, boat tours and a water feature.

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