Provence officially drops its casino plans on North Broad
Bart Blatstein announced Monday that he is retreating from the fight for Philadelphia’s coveted second casino license. He is formally withdrawing his appeal of…
The in-progress Provence Resort & Casino will be dropping the casino part from their proposed design. Developer and project backer Bart Blatstein announced Monday that he is retreating from the fight for Philadelphia’s coveted second casino license. He is formally withdrawing his appeal of the Pennsylvania Gaming Control Board’s decision to award the second license to Live! Casino and Hotel in South Philadelphia.
Frank Keel, spokesman for Blatstein’s Tower Entertainment L.L.C., told the Philadelphia Inquirer that it would take too much time to follow through with the appeal, and that there is “significant interest from other entities in that property.”
After purchasing the former Philadelphia Inquirer building in 2011 for approximately $22.6 million, Blatstein, Tower Entertainment, and Isle of Capri Casinos Inc. began planning a multi-level hospitality and entertainment complex. The Provence’s design would have included a 126-suite boutique hotel, 75 restaurants, and a casino with 150 game tables and 3,300 slot machines. It was expected to create 3,000 jobs, increase tax revenue for the city, and spur over $1 billion in additional development in the surrounding area.
Blatstein lost the bid for the city’s second casino licence in November 2014. It was reported at the time that he and Tower had no backup plans for the space. Now, the appeal has been dropped, but they’re not ready to disclose exactly what kind of project will come to fruition at the prime 400 N. Broad Street location.
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