If the backers of the proposed $428 million Casino Revolution in South Philadelphia best five competitors to win Philadelphia’s second casino license, they will spearhead the development of a family entertainment and recreation complex on adjacent land, the group, known as PHL Local Gaming L.C.C., said Monday.
PHL Local Gaming said its vision for the former site of the Food Distribution Center includes not just restaurants and stores, but also “soccer fields, racquet sports, an indoor swimming pool, a zip-line park, rock-climbing facilities, a golf driving range, a dry ski/skateboarding park, a water park, and areas devoted to music and live entertainment.”
The price tag over ten years for the so-called LoSo Entertainment Center is projected to be $432 million — to be paid by individual businesses that would set up shop there.
That does not include the cost of the land, which stretches from Interstate 95 to South Seventh Street and from Packer Avenue to Pattison Avenue, said A. Bruce Crawley, spokesman for PHL Local.
The plan calls for the relocation of numerous businesses. Crawley said PHL Local officials on Monday made calls to the chief executives of five or six of the larger companies to inform them of the proposal.
PHL Local has submitted the plan along with economic impact projections to the City Planning Commission and the Pennsylvania Gaming Control Board as part of the PHL Local’s application, Crawley said.
The gaming board is holding a special hearing in Philadelphia next Tuesday to hear the city’s views on the six contenders for the remaining license.
Produce wholesaler Joseph Procacci is the lead partner in PHL Local Gaming. He wants to turn a warehouse at Front Street and Pattison Avenue into a casino.