Friday, November 12, 2004

Richmond taking a gamble

In Thursday's Contra Costa Times, we read that the Richmond City Council voted to build a casino at on the bayfront property at Point Molate. An excerpt from the write-up:

>SNIP<

But the vision of a major casino in Richmond throwing off jobs and cash like a spinning top faces such regulatory obstacles that some experts give even odds on whether such a project can ever happen. That's the gamble Richmond took this week when the City Council opted for a casino complex at Point Molate over a proposal by neighboring ChevronTexaco to maintain the land as a security buffer and infuse city coffers with $50 million in quick cash.

>SNIP<

2 comments:

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Dan said...

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