Issue 3 - Casino News & Updates
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- November 17, 2009 4:16 pm at 4:16 pm #308928
I’m not sure the exact address, but its right behind the Buggyworks.November 17, 2009 4:56 pm at 4:56 pm #308929
Looking through the text of Issue 3, it states 560 Nationwide, blvd.
The auditor has JAEGER COMMERCE PARK LP listed as the owner, which is an affiliate of Plaza Properties.
So it looks as though, technically, the gambling company hasn’t purchase the property yet.
However, they may have an “option” to purchase agreement signed.
We can check the recorders page to see if anything has been filed.November 17, 2009 4:58 pm at 4:58 pm #308930
A Memorandum of Option to Purchase was signed by Penn Ventures, LLC on November 2nd.
Anyone familiar?November 17, 2009 6:35 pm at 6:35 pm #308931
Are you really asking or being sarcastic??November 17, 2009 7:05 pm at 7:05 pm #308932
Mike Curtin commentary hits most of my rants.
If there is going to be a Casino in Columbus, I think something between Easton and the Airport might be a better location.
I am totally against the choice of West Nationwide on the Olentangy River. Bad Logistics and bad use of that piece of land, IMO.November 17, 2009 7:16 pm at 7:16 pm #308933
I’m not really that familiar with what an option to purchase actually means. Does this mean that Plaza Properties has to sell to the casino?November 17, 2009 7:21 pm at 7:21 pm #308934
They’re filed with all lease to own arrangements which I’m not sure how it applies here, but I think what’s important is that it means no one else can buy it.November 17, 2009 7:29 pm at 7:29 pm #308935
So the only option left is to use local government to help block the building of this?November 18, 2009 10:00 pm at 10:00 pm #308936
There will be no local blocking of the issue if the developers have their way…November 18, 2009 10:21 pm at 10:21 pm #308937
Is there any news on the possibility of the General Assembly drafting legislation to let Columbus opt out?
If the Casino owners can “draft” legislation then we ought to be able to as well.
Who can we put citizen’s pressure on in this situation?November 18, 2009 10:23 pm at 10:23 pm #308938
You can’t legislate your way out of a constitutional amendment. We can only opt out if we pass yet another amendment.November 19, 2009 7:14 pm at 7:14 pm #308939
I don’t say this often, but Woooo hoooo Other Paper!!!
We’re Not Gonna Take It: No casino effort makes front page news.November 19, 2009 8:20 pm at 8:20 pm #308940
Way to go Jon Myers! Count me in on whatever you’ve got planned…
And they even mentioned the app!November 19, 2009 8:27 pm at 8:27 pm #308941
Lakes Ohio Development LLC, a subsidiary of Lakes Entertainment entered an Operating Agreement with Rock Ohio Ventures I LLC and Rock Ohio Ventures II LLC to form Rock Ohio Ventures LLC. The newly formed company will engage in any activity to acquire, own, develop, mortgage, encumber, hypothecate, lease, sell, maintain, improve, alter, remodel, expand, manage, and otherwise operate and deal with part or all of the Project to develop casinos in Cleveland and Cincinnati.
Rock Ventures is a group led by Dan Gilbert, owner of the Cleveland Cavaliers, and Penn Ventures, LLC , a subsidiary of Penn National Gaming, Inc. Penn Ventures also entered into an agreement with Lakes through which it funded 10% of PennÃ¢â‚¬â„¢s costs of the Issue 3 referendum . Under the agreement Lakes has the option to a equity stake up to 10% in any casinos developed by Penn in Columbus and Toledo if it funds up to 10% of equity required for the development.November 19, 2009 8:31 pm at 8:31 pm #308942
Way to step up Jon. Count me in!
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