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 Posté le: Dim Sep 22, 2013 8:40 am Sujet du message: Edgewater Casino seeks to extend lease |
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{Edgewater Casino seeks to extend lease}
BC Place with Edgewater Casino in front|Volodymyr Kyrylyuk / Shutterstock.comBy Bob MackinThu May 30, 2013 10:20am PSTThe Las Vegas company that wants to build a casino-hotel connected to BC Place is asking city hall to allow its existing Edgewater Casino to remain at the Plaza of Nations until the end of 2016."We are extending our lease at our current location while we explore options for a new home for the existing Edgewater Casino," Paragon's corporate affairs director Tamara Hicks told Business in Vancouver on Wednesday."We are currently permitted with the City of Vancouver to operate until July 31,[url=http://www.michael-korshandbags-outlet.net]Michael Kors Handbags Outlet[/url], 2013 and have requested an extension until December 31, 2016. We have already extend our lease agreement with our landlord, Canadian Metropolitan Properties."Paragon unanimously lost an April 2011 Vancouver city council vote on its bid to expand the 75-table, 600-slot machine licence to 150 tables and 1,500 slots.City council,[url=http://www.michael-korshandbags-outlet.net]Michael Kors Handbags[/url], however, automatically permitted the company to move the existing licence to BC Pavilion Corp. (PavCo) property west of BC Place stadium without an additional hearing.The project has been in limbo while the company scales back its proposal.Hicks said Paragon hopes to unveil its plans for Edgewater sometime before summer."We're still in discussions with PavCo, yes," Hicks said. "We'll confirm at that time how we're moving forward."Asked if Paragon has discussed any alliance or merger with bigger, local gambling players such as Gateway Casinos or Great Canadian Gaming Corp., Hicks said, "We've talked to a lot of gaming companies, I'm not going to confirm or deny who it is, but I can say we've been in discussions with various gaming companies."The BC Liberals' re-election on May 14 was positive for the company,[url=http://www.michael-korshandbags-outlet.net]Michael Kors Handbags Outlet[/url], Hicks said, because Paragon does not have to educate a new cabinet about the proposal.During the election, PavCo chair Peter Fassbender claimed Paragon had renegotiated a 99-year lease for the new complex. In 2011,[url=http://www.michael-korshandbags-outlet.net]michael kors canada[/url], PavCo said the deal was for 70 years. Fassbender, also a Liberal candidate in Surrey-Fleetwood, backtracked and claimed that PavCo and Paragon were still in negotiations. Fassbender won a seat in the legislature and his resignation from the PavCo board is imminent.The Paragon proposal, however,[url=http://www.michael-korshandbags-outlet.net]Michael Kors Handbags[/url], faces a legal challenge from the Vancouver Not Vegas anti-casino coalition. A November 7,[url=http://www.michael-korshandbags-outlet.net]Michael Kors Outlet[/url], 2011-filed BC Supreme Court petition seeks to quash the proposal,[url=http://www.michael-korshandbags-outlet.net]Michael Kors Outlet[/url], alleging that neither the city nor PavCo followed procedures.BMackin@biv.com@bobmackinTags: Peter Fassbender,[url=http://www.michael-korshandbags-outlet.net]michael kors canada[/url], BC Place, Vancouver, Great Canadian Gaming Corp., casino and gambling
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