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Philly Live! details under development

Wachovia Spectrum would make way for a multi-use entertainment project. No word on casino prospects.

Last winter, Comcast-Spectacor announced a partnership with Baltimore developer Cordish Co. to redevelop the site of the Wachovia Spectrum into a 300,000-square-foot store, restaurant, bar, cinema, hotel and garage project, dubbed Philly Live!

Since then, Cordish has moved slowly on detailing its South Philly plans. Its officials "are still going through the permitting process and cost estimating," Comcast-Spectacor chief operating officer Peter Luukko said yesterday, after confirming that the Spectrum will be demolished next year.

"We have no details on the time frame of the start of Philly Live!," Luukko added. "They're in the drawing phase. The general plan would be sometime in June of next year the project would start."

Philly Live! "is progressing very nicely," Cordish Co. president David Cordish said in a statement.

He said the company, which also has built gambling halls and Wal-marts in some of its developments, had continued meetings that started last fall with neighborhood groups and politicians.

"We have also begun the process of meeting with retail and restaurant partners about being part of Philly Live!" Cordish said.

A Philly Live! marketing office has opened at the Wachovia Center, he added.

Cordish officials didn't answer queries about whether Cordish wants to add a casino at the site. Mayor Nutter and State Sen. Vincent J. Fumo (D., Phila), among other officials, have been pushing for alternatives to two planned Delaware River casino sites that face neighborhood opposition.

Cordish has experience building gambling halls: It built Hard Rock hotel-casino complexes in Hollywood and Tampa, Fla.; the $500 million Indiana Live! Casino projects in Indianapolis, and the Oneida tribe's planned $750 million casino-hotel in Sullivan County, N.Y. It built The Walk, a high-end shopping center next to Atlantic City's main gambling district.

Cordish also has developed sites adjacent to sports facilities with sporting themes, but without formal gambling facilities.

 


Contact staff writer Joseph DiStefano at 215-854-5194 or jdistefano@phillynews.com.

 

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