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09-20-2012, 04:04 PM
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Originally Posted by smackdaddy View Post
Because the city is refusing to grant him a casino license, for which that revenue was earmarked into the feasibility of the project going forward. This was all included in the initial commitment with the city that they had agreed to but have now suddenly told Katz he isn't allowed. This, along with the increase in the cost of construction, is the reason why he had to go back to council and say more money was needed out of the CRL, for which he agreed to matching a fair amount as well.
The city does not grant casino licenses.

Also, the city is unwilling to fund an anti-gravity enclosure stocked with diamond-encrusted unicorns from a parallel universe. They just won't work with Katz, it's true.

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