Casino development promoters stress economic benefits for city
Developer calls plan 'stunning proposal' in advance of next week's public hearing
By Brian Morton, Vancouver Sun February 11, 2011
VANCOUVER - A huge development including two hotels and a large casino with direct access to the new BC Place will attract more visitors to the area and create economic benefits for surrounding businesses, Paragon Gaming Corp. president Scott Menke said Thursday.
"We needed to make that side of town a destination," Menke said at a Vancouver Board of Trade luncheon.
"Our customers would be interconnected with all the other neighbourhoods, [like] Robson Street and Chinatown."
Although there were no new announcements at the luncheon, Menke and B.C. Pavilion Corp. (PavCo) chair David Podmore gave an update on the project, saying it will create a unique entertainment destination in downtown Vancouver.
Menke said that casino visitors will spend a lot of money locally.
"The type of visitors we attract will be bleeding out into the community. Small businesses will benefit."
In giving his reasons for selecting the project, Podmore called the plan extremely well thought out and researched.
"We think they have an absolutely stunning proposal that we hope will be supported by the city and community. And we think that it will be the catalyst to the continuing evolution of False Creek."
Last month, Vancouver city council gave preliminary approval to what would be the largest casino in Western Canada as part of the development around BC Place.
But in a signal of concern that the expansion of gambling in the city may not be in the best interests of its citizens, councillors posed a raft of questions for staff and B.C. Lottery Corp. to answer before the plan goes to a public hearing next Thursday.
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