Construction of the North Shore casino is set to go after the group headed by Chicago billionaire Neil Bluhm closed on more than $550 million in financing this morning.
Some workers are expected to be back at the casino site, where work has been suspended since June 30, as early as today, said Dan Fee, a spokesman for Pittsburgh Gaming Holdings. Mr. Fee said full construction should resume by the end of the week.
Mr. Bluhm will honor the commitments Mr. Barden made to fund the replacement for Mellon Arena at $7.5 million a year for 30 years and to provide $3 million each to the Hill District and the Northside Leadership Conference for redevelopment and neighborhood initiatives.
No comments:
Post a Comment