Paragon Tries Again for Casino
Other
Paragon Gaming Corp has resubmitted a proposal to move its Edgewater Casino into a $535M redevelopment of BC Place lands–but this time promising not to expand the gambling operations. (It’s called compromise, you may have forgotten about it while watching the US Congress.)
A 2011 proposal by Paragon was shot down by city council in large part because of a grassroots campaign that opposed an expanded gambling platform. Paragon VP John Cahill says the new proposal totals 675k SF of development including a casino, conference space, and two hotels–but on an entertainment-focused urban resort. The gambling operations at the Edgewater Casino (currently at the Plaza of Nations site) would be relocated to the new site at its existing size. The proposal will go to the city’s design panel and will need a building permit. Paragon’s plan is to have construction complete by 2016. (Just enough time for us to figure out whether a flush beats four of a kind.)