Tuesday, September 23, 2014
Inquirer Daily News

Blatstein plans 'lavish' launch for Philly casino plan

Does Philly need another casino?

Blatstein plans 'lavish' launch for Philly casino plan

The front of the Philadelphia Inquirer and Daily News building at 400 N. Broad Street.
The front of the Philadelphia Inquirer and Daily News building at 400 N. Broad Street.

Developer Bart Blatstein's Tower Investments plans an invitation-only "lavish launch party" to "unveil" its planned "unprecedented" $700 million resort and casino complex on the site of the former home of the Philadelphia Inquirer and Daily News," N. Broad St. at Callowhill, on Oct. 24, to 150 Philly "movers and shakers" at Tendenza, the catering hall at Blatstein's Piazza development at the old Schmidt's Beer site near 2d and Girard. (Blatstein's PR release originally said $1 billion but has amended the number lower.)

Blatstein will vet the proposed development for his crowd before submitting it to the Pennsylvania Gaming Control Board, which is fielding proposals for a second Philly casino, with a Nov. 15 proposal deadline.

Does Philly need another casino, when local venues in Chester, Valley Forge, Fishtown and Bensalem are wrestling for customers, and Atlantic City's gambling halls are foundering?

Sure, says Blatstein in his statement: "The sheer size, scope and multi-faceted amenities of this unique resort and casino complex will make it a regional tourism attraction that will ignite other area development and push the prosperity and boundaries of Center City north on Broad Street." And we're betting contractors, union workers, hotel and parking operators, and local government agencies that will benefit from more betting will line up on Blatstein's side. 

More coverage
Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Business Videos:
Also on Philly.com:
Stay Connected