Golden
Nugget Deadline Draws Near
As reported by the Sun Herald:
"Some Point Cadet property owners are worried
that drawn-out negotiations between the city
of Biloxi and a casino developer may kill the
deal for the Golden Nugget.
"Landry's
Restaurants Inc., which owns the Golden Nugget
casinos in Nevada and the brand name, has an
option to buy several privately owned parcels
on Point Cadet, but the company also needs waterfront
property owned by the city. George Sekul, one
of the private property owners, told the Biloxi
City Council on Tuesday that Landry's needs
to know by Dec. 15 if the city wants to do business
with the company.
"Mayor
Holloway did not respond to Sekul's comments
"...Another
casino company, Isle of Capri Casinos Inc.,
has a right of first refusal to the city land
Landry's wants for its boardwalk development.
Holloway has said the city will do business
with whichever company presents the better deal..."
|
