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Gastown & Yaletown AfiAdo
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Vancouver approves new $535-million urban casino resort at BC Place



The current proposal (approved December 2013) comes in the heels of the rejected 2011 proposal which called for a significant expansion of the gaming floor.


Addressing those concerns, the new casino resort will not be any larger than the existing Edgewater Casino and will maintain the 600 slot machines and 75 gambling tables currently found at the Plaza of Nations building.

In addition to the 72,000 square foot gambling floor, it will have 550 guest rooms spread over two boutique hotels and space for restaurants and retail.

Pavco will retain ownership of the land while Paragon will lease the land over a 70-year term. The development is a partnership between Paragon Development, 360 VOX Corporation and the Dundee Corporation.

The development will have an overall size of 675,000 square feet, create 2,000 jobs within the complex and generate $180 million annually for the local economy.


It will help create an urban entertainment centre for local residents and visitors, maximize event potential for BC Place Stadium, and will greatly increase the city’s hospitality, entertainment, tourism and conference opportunities.


Developers are aiming for a late-2016 completion and opening.


Sources:


http://www.vancitybuzz.com/2013/09/new-bc-place-casino-proposal-for-535-million/


http://www.vancitybuzz.com/2013/12/...-535-million-urban-casino-resort-at-bc-place/













 
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