Filed under: Real Estate Developments
Philly.com reports on Wynn's appearance before the board where he tried to convince them that he had the money and ability to complete the $600 million casino in South Philadelphia. What he mostly provided where pretty words rather than concrete plans and so the board has decided that Wynn must provide detailed financing information, architectural drawings and a construction timetable within the next two months. On April 29 the board will take another look at the proposal. Meanwhile the board continues to fine the Foxwoods group $2,000 a day until a successful project plan has been agreed upon. Local sentiment on the project is mixed, some hope the project will bring jobs to the region while others are protesting the idea of having a casino in the area.