OFFICIAL: Proposed KCK Casino

[aknowledgeableperson]

not really.search for my thougt on kid conferences.

seriously do you think this is valid critera for choosing the casino operator?  why does this get a akp-freepass when nothing else does?  very telling.

#1 This is not a kids conference, unless of course you consider a bunch of old timers ( ) driving around the country in RVs kids.

#2 Nope, but that wasn't the basis of my comments. 

#3 A free-pass???  Are you talking about giving praise or throwing out criticism?


An opinion on the wife of a candidate a valid critera for voting (choosing) a President?  How about where a candidate went to college?  Smoked pot or not?  Voted for or against a particular bill while it was in a committee?  People (and selectors) make a decision based on many different factors.  In this case I took it for what it is, not a criteria but a sales point to influence the decision makers, like promising (or saying you are pursuing) a Super Bowl or All-Star Game or a NBA or NHL team.

[KCPowercat]

I don't praise every convention downtown....that was the point of saying you should read my past comments about kid conventions downtown before throwing that blanket statement out about me.

[OPIchabod]

All these things being offered by the Speedway aren't even for official consideration - they're just the Speedway's reminder to the public that they're there:

http://www.kansascitykansan.com/homepage/x81491214

[LenexatoKCMO]

RV convention with 6k RVs being used as a reason to choose the Cordish proposal...uhhh.  So what.

They are just pointing out additional synergies and benefits that would come from their proposal - smart marketing.  You don't see the other parties out there touting such benefits.

Just hope that Light Rail Phase II doesn't involve plans to run track out to the Cordish Casino/speedway. 

[DaveKCMO]

Just hope that Light Rail Phase II doesn't involve plans to run track out to the Cordish Casino/speedway.   :D

nah... just a nearby commuter rail stop along either bank of the kansas river will do.

[OPIchabod]

They are just pointing out additional synergies and benefits that would come from their proposal - smart marketing.  You don't see the other parties out there touting such benefits.

I would question the feasibility of the three other proposals promising to bring a second NASCAR race to the Kansas Speedway for obvious reasons...

[KCMax]

Penn gaming group withdraws Kansas plan, seeks $25 million refund

[Missionite]

Penn gaming group withdraws Kansas plan, seeks $25 million refund

There's no article there for some reason (only a headline). They are withdrawing from their bid for a casino near Pittsburg, KS since they didn't win their bid for the location south of Wichita. I don't believe they submitted a bid for the Kansas City site since Penn Gaming owns Argosy.

Matt

[LenexatoKCMO]

And then there were three . . .

Pinnacle just pulled out. 

[justin8216]

Tomorrow is the big day. My bet is on the Speedway's proposal for 2 reasons. 1st the state's consultants say it will generate the most gaming revenue and in turn the most money to the state's pocket book. You cannot underestimate the value the Hard Rock Brand brings to their project.

The 2nd reason is cordish and int spdwy Corp's financial capacity to get the project done. The state's consultants gave glowing assesments of ISC's profits, rate of growth, and cash on hand. They also noted the extraordinary access the principals of Cordish gave them to look into their personal finances. The consultants note the personal net worth of each of the Cordish co's 3 principals was in the hundreds of millions of dollars.

I think pinnacle pulled out cause they know the speedway is going to get the nod. It wouldn't surprise me if there weren't a gentlemans agreement among the corpoarate fat cats to let the speedway have the project.
pinnacle pulled out to make the state boards decision easier politically as the pinnacle was the ug's favored proposal. Plus they wanted their 25 million dollar application fee refunded.

[GRID]

It wouldn't surprise me if there weren't a gentlemans agreement among the corpoarate fat cats to let the speedway have the project.

IMO, that is exactly what it was.  ISC/Cordish wants that casino BAD.  Something happened to basically eliminate the competition.

It was Sands, ISC and Pinnacle.  The others don't have a chance.

Sands and Pinnacle are gone.  It's going to the speedway now for sure.  ISC didn't want to take any chances.  Somebody made some money to back out of the deal.

At least KCK will still get a good casino.  The Hilton Flamingo (Isle of Capri) was a big "under the table deal" and KCMO ended up with its closest downtown casino being a total nightmare instead of a massive casino complex like Ameristar in the Harlem area.

[Pork Chop]

The Kansas Lottery Gaming Facility Review Board on Friday awarded the casino-management contract for Wyandotte County to Kansas Speedway and The Cordish Co.

The Hard Rock Hotel & Casino at Kansas Speedway is scheduled to open in 2011. The project, with an estimated cost of $705.6 million, will overlook turn two of the speedway.

http://www.bizjournals.com/kansascity/s ... ily33.html

[WyCo]

Yea , I am so glad they chose this one.

http://www.kansasspeedway.com/549989.html

[MidtownCat]

The biggest development news in the metro area in the last couple years and virtually no traction around here.

How weird.

Call me crazy, but I'm pretty excited about a Hard Rock Hotel and Casino coming to Kansas City.  A $600 million+ project that will bring a ton of additional visitors to the metro, another NASCAR race, and a 100 million+ of revenue to the city seems like something we all benefit from.

[LenexatoKCMO]

The biggest development news in the metro area in the last couple years and virtually no traction around here.

How weird.

Call me crazy, but I'm pretty excited about a Hard Rock Hotel and Casino coming to Kansas City.  A $600 million+ project that will bring a ton of additional visitors to the metro, another NASCAR race, and a 100 million+ of revenue to the city seems like something we all benefit from.

In the minds of a fair many on this board, the greater village west area is just a fad destined to be irrelevant in ten years or so.  Why should they pay attention to $600m casinos or $billion+ amusement parks?

[MidtownCat]

In the minds of a fair many on this board, the greater village west area is just a fad destined to be irrelevant in ten years or so.  Why should they pay attention to $600m casinos or $billion+ amusement parks?

Not a viewpoint I've ever quite grasped I guess. 

Personally, I'm a KCMO resident, love the urban core and want to do everything in my power to see the city center improved.

We're talking about thousands of visitors and millions of dollars of influx each year into the metro, that not only benefit Wyandotte County but also downtown.

Just quite perplexing that a $600 million project with huge tourism potential coming to KC is barely a blip on the radar around here.  Especially in the darkest times for development in the KC in the last ten years.

[KCPowercat]

I think this is an awesome deal for the metro and KCK specifically....bringing the Hard Rock name to the region is a great pull.

I do have some worries about Cordish running this retail element and downtown's retail/bars but I hope they will be fair and balanced with both developments so close.

Overall I'm excited.  Good selection.

[OPIchabod]

Tomorrow is the big day. My bet is on the Speedway's proposal for 2 reasons. 1st the state's consultants say it will generate the most gaming revenue and in turn the most money to the state's pocket book. You cannot underestimate the value the Hard Rock Brand brings to their project.

The 2nd reason is cordish and int spdwy Corp's financial capacity to get the project done. The state's consultants gave glowing assesments of ISC's profits, rate of growth, and cash on hand. They also noted the extraordinary access the principals of Cordish gave them to look into their personal finances. The consultants note the personal net worth of each of the Cordish co's 3 principals was in the hundreds of millions of dollars.

I think pinnacle pulled out cause they know the speedway is going to get the nod. It wouldn't surprise me if there weren't a gentlemans agreement among the corpoarate fat cats to let the speedway have the project.
pinnacle pulled out to make the state boards decision easier politically as the pinnacle was the ug's favored proposal. Plus they wanted their 25 million dollar application fee refunded.

On the contrary, Pinnacle pulled out because they wouldn't be able to finance the project. Had they stayed in and been selected (which I believe they would have), they lose their $25 million, and then if they pull out once selected, they'd likely face a lawsuit for breaching the pre-development agreement they had with the Unified Government (similar to the casino proposal for southeast Kansas).

You'll note that the Speedway's approval wasn't unanimous - another proposal received three votes to the four for the Speedway. The Speedway wasn't the best proposal of the original bunch, but it was the best of the remaining three.

As an aside, does anyone else feel the Hard Rock brand is a little dated?

[KCPowercat]

Cafes, yes they are dated....casinos not so much.  Still seem to be holding their own in places like Vegas as a cool place to be.

[geeman68]

Cafes, yes they are dated....casinos not so much.  Still seem to be holding their own in places like Vegas as a cool place to be.

The Cafe portion should still pull well when incorporated into the Casino and destination area.  I thought it was funny someone asked what the "city" name would be.  The best option would be to call it Hard Rock - Kansas City.  Could you imagine... Hard Rock - Wyandotte County or "The Dott"?