No need to exaggerate, HP. Harrah's history of possibly inflating revenue numbers was called into question once in this process already. It happened last week...
Both Barden and Morehouse dispute the findings. Granted, both Barden and Morehouse are speaking for groups in direct competition with Harrah's for the license, so they certainly aren't going to endorse Harrah's numbers. But it's just interesting that a week after they voiced their concerns, there are independent third parties saying the same things.
I found most amusing the comments about how Harrah's can meet their projections by cannibalizing the West Virginia casinos or assuming every Pittsburgher will acquire a gambling problem.
This is one of the things that everyone needs to be concerned about with this process. Harrah's MIGHT be promising something they cannot deliver like they have reportedly done in New Orleans.
And maybe I wouldn't be as skeptical if there was more tangible community giveback in the Harrah's plan. I don't know...I just have a bad feeling about it. I can just see the following thing happening seven or eight years down the road. Harrah's gets the license, revenue projections fall short, and these condos and office spaces that they're hyping sit mostly vacant (does Pittsburgh seem like much of a "luxury condo" town to you?). Sure, maybe our property taxes have gone down a little and that's great. Unfortunately, residents are stuck with the bill for access roads that had to be built so people could actually get to Harrah's without sitting in traffic on Carson Street for an hour. And, oh yeah...we're also footing part of the bill for our new arena.
Now take what Nationwide Arena has done for its immediate surrounding neighborhoods in Columbus, and superimpose that same general idea over the Uptown/Lower Hill/Fifth & Forbes corridor.