Columbus Hollywood Casino – News & Updates

[cc]

Ummm, why would they be expected to pay 10 times the normal liquor-permit fee?

[misskitty]

I don’t blame them for rejecting a 25k alcohol permit. If it is only 2500 for business then it should be for all business until they revise their policy.

But I am not surprised that they want to spend less on buildings. I would have hoped they would consider spending more but I didn’t hold my breath. But it’s going to be so great for the Westside….

[Matthew]

Gotta love the snarky casino digs from west side residents who speak out for improvement, yet don’t actually take part in improving the area by attending meetings and forums designed for input on the issues.

Talk is cheap people, and so are online opinions.

[Walker Evans]

misskitty wrote >>
But I am not surprised that they want to spend less on buildings. I would have hoped they would consider spending more but I didn’t hold my breath.

From the day we found out that they were using their “Hollywood Casino” brand, it’s been pretty obvious that Penn was going to be going the cheap route in Columbus.

[misskitty]

Matthew wrote >>
Gotta love the snarky casino digs from west side residents who speak out for improvement, yet don’t actually take part in improving the area by attending meetings and forums designed for input on the issues.
Talk is cheap people, and so are online opinions.

What meetings about it? The only thing I have emails from are from the Highland west group. There is no mention of casino’s only bike lanes, community gardening, and honeysuckle removal from parks unless I missed an recent email that was talking about the casino?

[bjones7]

Walker wrote >>

misskitty wrote >>
But I am not surprised that they want to spend less on buildings. I would have hoped they would consider spending more but I didn’t hold my breath.

From the day we found out that they were using their “Hollywood Casino” brand, it’s been pretty obvious that Penn was going to be going the cheap route in Columbus.

I hope no one is surprised that they are going to be cheap? What casino isn’t, when it comes to cost of development? I’m actually surprise, they aren’t complaining about the 85% slot payout requirement!

[Matthew]

bjones7 wrote >>

Walker wrote >>

misskitty wrote >>
But I am not surprised that they want to spend less on buildings. I would have hoped they would consider spending more but I didn’t hold my breath.

From the day we found out that they were using their “Hollywood Casino” brand, it’s been pretty obvious that Penn was going to be going the cheap route in Columbus.

I hope no one is surprised that they are going to be cheap? What casino isn’t, when it comes to cost of development? I’m actually surprise, they aren’t complaining about the 85% slot payout requirement!

While I am pro casino on the Westside, I do admit I think they are counting on rolling the cost of brownfield remediation into the overall cost of the casino, as written in the amendment. Should be interesting to see how this plays out.

[Core_Models]

Let’s be clear:

Yesterday, however, the two developers objected to language that would require them to spend $250million on building costs alone – not including the cost of buying land and installing fixtures such as slot machines and roulette tables.

They’re not trying to shrink the investment, they’d just like to include the land and fixtures into it…seems pretty reasonable to me, especially since Penn has now had to buy two parcels of land.

[dru]

Core_Models wrote >>
Let’s be clear:

Yesterday, however, the two developers objected to language that would require them to spend $250million on building costs alone – not including the cost of buying land and installing fixtures such as slot machines and roulette tables.

They’re not trying to shrink the investment, they’d just like to include the land and fixtures into it…seems pretty reasonable to me, especially since Penn has now had to buy two parcels of land.

but Core, in earlier threads you assured everyone the $250 million stipulation meant we’d get a nice casino compared to the examples of other casinos that were posted. One example:

Core_Models wrote >>
They built Huntington Park for what, a fifth of that?
Nationwide Arena, a hundred million less?
This complaint about this being built for ONLY 250 million dollars seems a bit thin.

See, the complaint was they would build a cheap and ugly building. The retort was, no sir, a $250 million building budget assures it will be a massive investment and not a glorified pole barn.

Now they get to start subtracting from that $250 million? What if they sell the AD spot, does that money get added back into the construction equation?

[Roland]

bjones7 wrote >>

Walker wrote >>

misskitty wrote >>
But I am not surprised that they want to spend less on buildings. I would have hoped they would consider spending more but I didn’t hold my breath.

From the day we found out that they were using their “Hollywood Casino” brand, it’s been pretty obvious that Penn was going to be going the cheap route in Columbus.

I hope no one is surprised that they are going to be cheap? What casino isn’t, when it comes to cost of development? I’m actually surprise, they aren’t complaining about the 85% slot payout requirement!

Casino’s that have to compete for patrons perhaps? The 85% slot payout is lousy but they don’t have to be competitive when they are the only casino in town. Mediocrity protected by Ohio’s constitution no less!

[myliftkk]

Roland wrote >>

bjones7 wrote >>

Walker wrote >>

misskitty wrote >>
But I am not surprised that they want to spend less on buildings. I would have hoped they would consider spending more but I didn’t hold my breath.

From the day we found out that they were using their “Hollywood Casino” brand, it’s been pretty obvious that Penn was going to be going the cheap route in Columbus.

I hope no one is surprised that they are going to be cheap? What casino isn’t, when it comes to cost of development? I’m actually surprise, they aren’t complaining about the 85% slot payout requirement!

Casino’s that have to compete for patrons perhaps? The 85% slot payout is lousy but they don’t have to be competitive when they are the only casino in town. Mediocrity protected by Ohio’s constitution no less!

Isn’t this where Gram chimes in about what you get when you have a government-run, er mandated, casino. ;)

I guess I could make a comment about tight slots as well, but I think that’d drive this thread right into the ditch.

[Core_Models]

dru, actually, I’ve stated all along I thought 250M in the AD for a single story building would be a nice casino…but that the same investment spread over the huge Delphi site wouldn’t. Honestly, I always did assume that the land purchase and things like fixtures would certainly be included in that cost as well.

[kcrissinger]

The Delphi plant is officially gone. It has been reduced to massive piles of debris.

[dru]

Core_Models wrote >>
dru, actually, I’ve stated all along I thought 250M in the AD for a single story building would be a nice casino…but that the same investment spread over the huge Delphi site wouldn’t. Honestly, I always did assume that the land purchase and things like fixtures would certainly be included in that cost as well.

Fixtures sure, everything from lights in the parking lot to the toilets inside. But I don’t think land purchase (or in this case purchases) was part of the spirit of the stipulated budget. If they had remained in the AD, I wouldn’t have wanted them to be able to calculate the potential new off-ramp of 670 into the construction cost. They should be, as the current gaming proposals being put forth state, be held to a building infrastructure budget of 250m.

[Core_Models]

Don’t get me wrong d, I’d like them to build the best casino possible, and not include everything imaginable in the 250M, I really did consider the land purchase as part of it though.

[Author]

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