Wynn on "seeding" waterfront plan

Following my story last week on Wynn Resorts and waterfront development, the Wynn folks shared with me a letter from developer Daniel J. Keating 3d to Tom Corcoran, president of the Delaware River Development Corp.

Keating, of Keating Consulting, said Las Vegas casino developer Steve Wynn would consider “seeding” a revised development plan of the area just south of his proposed project – if he gets a gaming license.

On Oct. 21, Keating wrote that he had “reviewed with Mr. Wynn the idea of seeding the study for development for the land south of the proposed Wynn casino” on Beach Street.

 “Mr. Wynn would have interest in considering the seeding of such a fund,” Keating said, “assuming of course, Wynn is selected to develop the 60 acre parcel of land that has been proposed for the Wynn casino.”

The Wynn project, Keating wrote, “clearly takes into account and embraces the city’s master plan for the waterfront.”

Corcoran said the waterfront corporation, a nonprofit steward of development along the Delaware River, would “welcome” Wynn’s support. He said the stretch of land from the Wynn site to the SugarHouse Casino “needs to be studied in detail, parcel by parcel.” A development study would look at who owns what and the environmental state of parcels.

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