Pa. auditor general wants arena tied to slots profits

Forum for Pittsburgh Penguins-related messages.

Moderators: Three Stars, dagny, pfim, netwolf

Pa. auditor general wants arena tied to slots profits

Postby dboss on Fri Feb 03, 2006 5:14 pm

http://www.pittsburghpostgazette.com/pg ... 649733.stm

FINALLY!!!! Someone else is calling out Onorato and O'Connor!! :D :D :D :D :D :D :D
dboss
ECHL'er
ECHL'er
 
Posts: 540
Joined: Tue Jan 31, 2006 10:33 am
Location: McCandless Twp, PA

Postby Draftnik on Fri Feb 03, 2006 5:21 pm

"Mr. Wagner said the fact that Isle of Capri is willing to pay a $50 million fee to the state, plus build a $290 million arena, suggests that the license to build a casino in the city is worth at least $340 million. Based on that, any operator who gets it "could easily make a commitment for $150 million" toward an arena, he said."


Here is Plan B from the State Auditor General.

$90M State
$150M slots
$50M naming rights
$? RAD
Draftnik
NHL Fourth Liner
NHL Fourth Liner
 
Posts: 16,011
Joined: Sun Jan 29, 2006 1:52 pm
Location: Peters Twp.

High Fives Mr. Wagner!

Postby penny lane on Fri Feb 03, 2006 5:37 pm

He gets it! He's the first to make a bold statement;hopefully more politicos will jump on the bus! (go jerome)
penny lane
NHL Third Liner
NHL Third Liner
 
Posts: 28,868
Joined: Mon Jan 30, 2006 6:29 pm
Location: Have fun, kick butt!

Or maybe this...

Postby Stoosh on Fri Feb 03, 2006 5:37 pm

Taking Jack Wagner's ideas a little further...

$150M from the slots revenues
$25M from naming rights (I believe they got $10M from Mellon)
$25M private funding (given that the Steelers & Pirates contributed some of their own money toward their new buildings)
$90M from the state
Stoosh
AHL'er
AHL'er
 
Posts: 4,480
Joined: Sat Jan 28, 2006 11:19 am
Location: Aliquippa, PA

Postby Bowser on Fri Feb 03, 2006 5:43 pm

and Harrah's will file a lawsuit stating the $150 milion was never part of the requirements in the application, if they do not receive the slots license.

The Penguins have tried for seven years to get an arena and have been told for 99% of the time, there was absolutely no tax payer money from city and county available.

I'll believe this Plan B can work, when I see the plan....
Bowser
AHL Hall of Famer
AHL Hall of Famer
 
Posts: 7,963
Joined: Sat Jan 28, 2006 10:08 am

Postby dboss on Fri Feb 03, 2006 5:46 pm

Bowser wrote:and Harrah's will file a lawsuit stating the $150 milion was never part of the requirements in the application, if they do not receive the slots license.

The Penguins have tried for seven years to get an arena and have been told for 99% of the time, there was absolutely no tax payer money from city and county available.

I'll believe this Plan B can work, when I see the plan....


I think the Gaming Board can basically do whatever they want. SS has submitted a proposal, but that doesn't mean the gaming board has to accept it. The law for choosing who gets the slots is very ambiguous, things like what's best for the community, etc. That is all based on opinion. SS would have no legal grounds.
dboss
ECHL'er
ECHL'er
 
Posts: 540
Joined: Tue Jan 31, 2006 10:33 am
Location: McCandless Twp, PA

Postby Pitts on Fri Feb 03, 2006 5:48 pm

Bowser wrote:and Harrah's will file a lawsuit stating the $150 milion was never part of the requirements in the application, if they do not receive the slots license.

The Penguins have tried for seven years to get an arena and have been told for 99% of the time, there was absolutely no tax payer money from city and county available.

I'll believe this Plan B can work, when I see the plan....


I'm sure that if the gaming board "suggested" to the SS group that they include funding for an arena and they can win the license, they'd be all over it.
Pitts
NHL Fourth Liner
NHL Fourth Liner
 
Posts: 18,826
Joined: Sat Jan 28, 2006 11:22 am
Location: Working ....

Postby bill from turtle creek on Fri Feb 03, 2006 5:58 pm

Well, even if it doesn't work, I think I'd still like to run out and vote for Jack Wagner immediately. Whatever he wants to run for, I'll vote for him.
bill from turtle creek
AHL'er
AHL'er
 
Posts: 3,686
Joined: Sun Jan 29, 2006 9:15 pm
Location: Serenity Now, Serenity Now.

Postby spi on Fri Feb 03, 2006 8:26 pm

GOOD FOR JACK WAGNER. IT'S ABOUT TIME tHE O BROTHERS GOT A SHOUT OUT!!!!!!!!!!!!!!!!!!!!!!!!
spi
ECHL'er
ECHL'er
 
Posts: 1,135
Joined: Tue Jan 31, 2006 12:11 pm

Postby Mango Salsa on Sat Feb 04, 2006 7:51 am

"They are critical in terms of being proactive," said Mr. Wagner, of Beechview. "I've heard comments such as, we need to look at the proposals and see what the Gaming [Control Board] thinks. I'm not that patient.


Calling out O'Connor and Onorato. Good boy. :)


He said a proposal by Forest City Enterprises and Harrah's Entertainment to build a casino and housing at Station Square may have the inside track, because it combines high tax revenue with experience in gambling and tourism.


And bribe money for the ones that make the decisions :wink:


He gave a proposal by the Penguins and Isle of Capri Casinos to build a casino and arena in the Hill District "no greater than a one-in-three chance" of prevailing when the board makes its decision, expected by early 2007.


Last I heard a decision was coming in the fall, now it's next year??? I can't take much more of this. :roll:
Mango Salsa
ECHL'er
ECHL'er
 
Posts: 1,477
Joined: Sat Jan 28, 2006 7:43 pm
Location: Inside a Filet-o-Fish sandwich

Harrah's seen as leading bid

Postby FLPensFan on Sat Feb 04, 2006 9:47 am

Don't forget a key statement Wagner made in the article:

He said a proposal by Forest City Enterprises and Harrah's Entertainment to build a casino and housing at Station Square may have the inside track, because it combines high tax revenue with experience in gambling and tourism. That proposal does not include arena funding.
FLPensFan
ECHL'er
ECHL'er
 
Posts: 1,243
Joined: Sun Jan 29, 2006 1:30 pm
Location: Davie, Florida @RandomHockeyGuy


Return to Pittsburgh Penguins

Who is online

Users browsing this forum: Caputi19, indian, Steve Dave and 12 guests


e-mail