Pittsburgh Casino Bidders Present Proposals

As reported by the Pittsburgh Post-Gazette: "Pittsburgh City Council members pressed would-be casino owners yesterday on promises to redevelop and aid neighborhoods, and got very different answers.

"Isle of Capri Casinos Inc. defended its focus on the Hill District. Forest City Enterprises argued for spreading the wealth. And Detroit businessman Don Barden's Majestic Star Casino offered North Side and Hill District aid but bemoaned the cascade of promises.

"…The three companies have applied to the state Gaming Control Board for the license to build a slot machine casino in Pittsburgh. Council has no formal role in making the selection.

"Forest City spokesman Abe Naparstek touted his company's pledge of a $25 million grant to Pittsburgh History & Landmarks Foundation and $1 million a year for development 'to the Pittsburgh community at large.'

"…The city's Urban Redevelopment Authority board will consider an option agreement with Isle of Capri tomorrow for the purchase of two agency-owned parcels along Colwell Street and two lots on Fifth Avenue. The purchases are contingent on Isle of Capri getting the slots license…"

2006-06-07