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 Posté le: Mar Oct 01, 2013 3:05 am Sujet du message: Hospitality and tourism report: Paragon's plan for |
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{Hospitality and tourism report: Paragon's plan for Edgewater scares critics},[url=http://www.moncler-sale.org]moncler on sale[/url]
Paragon's original plans for a mega-casino attached to B.C. Place provoked enough community outrage to convince city council to reject the proposalBy Glen KorstromTue Aug 27, 2013 12:01am PSTParagon Gaming Corp. is seeking partners to finance and be part of a new casino complex on land west of BC Place at Expo Boulevard and Smithe Street while agitating opponents of casinos in the downtown core, who want the company's Edgewater Casino to move to an industrial area.The City of Vancouver's development permit board approved a permit extension on July 15 so Edgewater can stay in its current Plaza of Nations location until December 31, 2016,[url=http://www.moncler-sale.org]moncler sale[/url], which is when Paragon executives anticipate being able to move into their new site, which is currently vacant land."Vancouver's new urban resort will feature not only a relocated casino, but also two hotels, meeting space,[url=http://www.moncler-sale.org]discount moncler jackets[/url], restaurants, shops and other amenities that will bring new energy and vibrancy to Northeast False Creek," Paragon spokeswoman Tamara Hicks told Business in Vancouver in an e-mail.Paragon has not released names of potential partners nor would Hicks reveal what companies Paragon has approached.For anti-gambling crusader and Vancouver Not Vegas spokeswoman Sandy Garossino,[url=http://www.moncler-sale.org]moncler outlet[/url], Paragon's modus operandi is the same as it was in 2010. That was when the company said that it and BC Place owner BC Pavilion Corp. (PavCo) had reached a deal to have a $500 million mega-casino be part of a resort that also had hotels and restaurants attached to BC Place."No plans have been submitted,[url=http://www.moncler-sale.org]moncler outlet[/url]," Garossino told BIV. "The public knows less today [about Paragon's plans] than we did when this whole thing was announced in 2010."She was caught off guard when Paragon, in June,[url=http://www.moncler-sale.org]moncler on sale[/url], unveiled the website www.site10a.com and announced that it had signed an updated master agreement with PavCo in March. That agreement includes a 70-year ground lease with PavCo worth $3 million annually to the stadium owner, confirmed PavCo spokeswoman Kate Hunter.In 2010,[url=http://www.moncler-sale.org]moncler down jackets[/url], PavCo had intended to get $6 million annually from Paragon."Why is PavCo financing a U.S. company and offering a 50% discount from the 2009 real estate price?" Garossino asked BIV.Hunter would not discuss financial arrangements with Paragon. Nor would she say whether the master agreement gives PavCo the authority to approve whatever hotel owners, restaurants or other tenants Paragon wants to have in its complex.Instead,[url=http://www.moncler-sale.org]discount moncler jackets[/url], she left the impression that those details have yet to be worked out."Discussions are ongoing between PavCo and Paragon and it is important to respect the confidentiality of these negotiations," Hunter said.Garossino fears that because city council in 2011 approved the relocation of Edgewater to Site 10A and for the size of that casino to be 2.5 acres of gaming floor,[url=http://www.moncler-sale.org]moncler sale[/url],[url=http://www.moncler-sale.org]moncler down jackets[/url], there is a chance that Paragon will try to have a larger casino in the new facility.She added that it was unclear whether city council would be required to approve Paragon's plans. All that is sure is that Paragon would be required to get a development permit from city staff."Our position is that the right place for Edgewater is similar to the RiverRock in Richmond – in a light industrial area away from high-density residential development," Garossino said.Her Vancouver Not Vegas lobby group has filed a petition in BC Supreme Court, arguing that the approval of any new Paragon resort connected to B.C. Place be reviewed by council and have some public consultation. •Tags: BC Place, tourism, real estate, casino and gambling
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