[CPEO-BIF] Cars to casino, Columbus, Ohio

[Lenny Siegel <lsiegel@cpeo.org>]

PRESS RELEASE
Penn National Gaming
February 5, 2010

Penn National Gaming Completes Purchase of Former General Motors/Delphi 
Automotive Plant for Alternate Columbus Casino Site
- Statewide Vote Scheduled for May 4 to Seek Approval to Relocate 
Planned Casino to Brownfield Site on Columbus' West Side -

WYOMISSING, Pa. & COLUMBUS, Ohio (BUSINESS WIRE) -- Penn National 
Gaming, Inc. announced today it has completed the purchase of 123 acres 
at the site of the former General Motors/Delphi Automotive plant located 
on the west side of Columbus on Georgesville Road near the intersection 
of West Broad Street. The brownfield site is the alternate location for 
the development of the Company's planned development of the Hollywood 
Casino Columbus which is now budgeted at approximately $400 million.

...

"Closing on this property reflects our ongoing commitment to work 
closely with Central Ohio's business and community leaders on this 
relocation effort, which could, pending voter approval, result in 
hundreds of millions of private investment dollars for the West Side of 
Columbus, an area in need of an economic catalyst," said Eric Schippers, 
Senior Vice President, Public Affairs, of Penn National. "Our commitment 
is further reflected in the demolition work and environmental 
remediation efforts that have already been put in motion at this 
brownfield site. If the voters of Ohio approve the casino relocation in 
May, we will quickly move to the next steps in the development of this 
casino, which will create thousands of construction and new full-time 
permanent jobs and generate hundreds of millions of dollars in tax 
revenues for all of Ohio's 88 counties and school districts throughout 
the state."

...

For the entire news release, see
http://www.marketwatch.com/story/penn-national-gaming-completes-purchase-of-former-general-motorsdelphi-automotive-plant-for-alternate-columbus-casino-site-2010-02-05?reflink=MW_news_stmp

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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