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The agreements call for Century Casinos, Inc. of Colorado Springs, CO to acquire the operating assets of the three properties from Eldorado Resorts for approximately $107 million and VICI Properties Inc. of New York City to acquire the land and real estate assets of the three properties for approximately $278 million.
A stable and high-performing asset with significant value-add potential, the mall is the nexus of retailing activity in the eastern portion of the Kansas City metro area.
The transaction was structured with a seven-year term, with 30 months of interest-only (during construction) followed by a 30-year amortization schedule.
Gov. Matt Bevin signed Kentucky's P3 legislation in 2016, giving the Commonwealth one of the broadest and most comprehensive P3 laws in the country, for projects that repay funding from revenue they generate.