Saturday, May 19, 2007

Losing casino bidder renews option on arena site

Who is going to hold on longer, Len B. or IOC?
Losing casino bidder renews option on arena siteA losing casino bidder has renewed its option to purchase the Beth Hamedrash Hagodol-Beth Jacob synagogue in the Hill District, complicating an authority's plans to buy the property as part of arena construction.

Isle of Capri Casinos Inc. recently extended the option for a year, as insurance in the event the state Supreme Court overturns the December award of the city's lone casino license to PITG Gaming LLC.

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