Philadelphia
Casinos Would Add Jobs, Revenue
As reported by the Philadelphia
Business Journal: "Two casinos slated for
construction in Philadelphia could generate
between $668 million and $747 million in their
first full year of operation, according to the
final report of the Philadelphia Gaming Task
Force released Thursday.
"Philadelphia,
which has been approved for two of the 14 casinos
to be built throughout Pennsylvania, will also
get between 7,000 and 12,000 new, permanent
jobs from the casinos, according to the report.
"Of
the many sites considered, the task force gave
the thumbs down to proposed sites at 8th and
Market streets and Penn's Landing in its 436-page
report. The 2.8-acre site at 8th and Market
was considered too small. The Penn's Landing
site, though large enough, could be used for
"higher and better uses" because of
its key waterfront location, the report said.
"Gaming
revenue could be maximized by placing one of
the city's casinos near the Schuylkill Expressway
and Route 1 and the other either along the Delaware
River waterfront or in Center City, which would
allow them to reach the broadest possible market,
the report said…"
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