In a letter today (March 14), Paragon secretary John Cahill told Mayor Gregor Robertson and councillors that the casino’s “ability to stay at the Plaza of Nations past 2013 is negated” by three factors, including Canadian Metropolitan Properties’ goal of redeveloping the site.
“Council should consider the near term future of the existing Edgewater beyond February, 2013 is highly uncertain given the inability to achieve a lease term extension and, more importantly, pending operational impacts caused by development of CMP’s site,” Cahill wrote.
“Accordingly, the flow of gaming revenues to the City and the permanence of over 600 jobs which currently exist at Edgewater are not guaranteed, and Council needs to understand that as it considers its decision on this application.”
Here’s the full letter:
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