Comment 83006

By Dane (registered) | Posted November 18, 2012 at 21:24:13

I say they are looking at the Eaton Centre which recently changed hands - has parking and is built to be much much bigger

or Sir John A. huge foot print and a focal point entrance (you don't have to get to far into the city)

I would believe that this has been in the works for a while and that both properties are being positioned to be developed. Subsequently, this will either create enormous animosity and conflict between existing revitalization happening downtown or those grass-root efforts will actively be dismantled through City enforcement/taxes. All to ensure the success of the casino.

It would be a shame really. All that sweat equity and vanguard entrepreneurship could be undermined.

As an aside; Has there been any research in to how casinos effect property in its immediate vicinity? Jobs have often been a focus but does a casino attract investment? For example will all the parking lots actually get buildings on them? Do people flock to get on the ground floor?

Of course my uneducated assumption is that there is a mass exodus and that business transitions to a "fighting for table scraps" model.

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