Re: New casino planned for AC north of Showboat
[ QUOTE ]
pinnacle paid relatively little for the property and could pretty much do whatever they want (sell, build, re-merger, etc) and still make out ok in the end.
the day they announced the sands purchase, they emphasized that the earliest something would open is 2010. they have not named the project and no construction has begun (much less the implosion of the sands itself first). there is no rush for them to do anything.
[/ QUOTE ]
Actually they have started work, you'd be surprised how much work has to take place before an implosion can occur and new construction can begin. Its not just a simple blow it up and start over. They had an auction back in april/may to get rid of most of interior stuff. Now they are in the process of gutting the inside, you'll probably see the sands imploded by late 07 early 08.
|