Philadelphia developer Bart Blatstein had planned to unveil his vision for The Pier Shops at Caesars in Atlantic City on Tuesday, but a legal dispute has put the project on hold.
Blatstein was one of four developers hoping to build Philadelphia’s second casino; he proposed putting it in the former Inquirer headquarters, on North Broad Street at Callowhill.
Developer Bart Blatstein and caterer Joseph Volpe have signed a contract with Exelon Corporation to buy the old power plant at an undisclosed price.
“Maybe another newspaper? I don’t know. We’ll deal with that next week,” said Bart Blatstein, who had hoped to put a casino in the former Inquirer building on North Broad Street.
A new agency is hoping to do for North Broad Street what the “Avenue of the Arts” has done for South Broad, according to City Council president Darrell Clarke.
The possibility of a casino on North Broad Street, near Callowhill, is prompting a move in Philadelphia City Council to stave off new pawn shops, payday loan operations, and other shady credit businesses in that area.
Magid was hired by developer Bart Blatstein (left). “We are obviously going to go for the biggest names,” Magid (right) said.
With hundreds of millions of dollars in revenue from table games and slot machines potentially at stake, the five applicants will make their final pitches to state gambling regulators this week.
He’s entered into a contract with the New York owners, Hudson Capital, to buy the lot for an undisclosed amount. He also declines to give many details about his project
The six applicants interested in a second casino license to be issued in Philadelphia showed their best hands this year.
A gaming board spokesman says Congregation Rodeph Shalom and two schools near the casino proposed for Broad and Callowhill Streets have filed a petition with the board seeking to intervene in opposition to the project, to be developed by Bart Blatstein.
Developer Bart Blatstein described the 9th Street Marketplace, saying, “This is a 40,000 square foot, $20 million shopping center at 9th and Girard.”
Developer Bart Blatstein, one of the remaining applicants for Philadelphia’s second casino license, says this week’s withdrawal of Wynn’s application removes what Blatstein calls a “distraction.”
Deputy Mayor Alan Greenberger told the panel at some point the city will make a recommendation, but for now, they’re still evaluating each of the proposals.
The six applicants who are in a spirited competition for a second casino license to be issued in Philadelphia all made their presentations during an all-day hearing on Tuesday before the Pennsylvania Gaming Control Board.