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09-20-2012, 04:08 PM
  #124
Halibut
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Quote:
Originally Posted by smackdaddy View Post
Because the city is now 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.
I'm sure it's been pointed out many times the city doesnt grant casino licenses he has to go to the provincial body that handles that the AGLC. The city has said they are willing to support his application but they cant make one for him. The city never agreed to giving him a licence or subsidize him if he was unable to get one. They approved a framework for the deal which makes no mention of a casino licence or a subsidy.

http://www.edmonton.ca/city_governme...framework.aspx

Find one mention of a casino licence in there.

Of course someone already has a casino licence in that area and it's unlikely the province will grant a second one. He can negotiate with the current owner of the licence and try to buy it from him but that has nothing to do with the city.

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