Only 1 company bids to build St. Louis casino
Wednesday, August 18, 2010
ST. LOUIS -- The city of St. Louis apparently will have only one choice in a bid to replace the closed President Casino.
The St. Louis Post-Dispatch reported that city officials who are deciding which casino project to endorse heard from only one group at a meeting Monday.
Casino Celebration LLC, a group led by St. Louis developers Jim and Bill Koman, pitched a $115 million complex. It said it would build the casino at the foot of the Old Chain of Rocks Bridge. In the second phase, the group would build a $26 million hotel.
The Koman family has owned and operated the Casino Queen in East St. Louis since 1993.
The city hopes to endorse a project by Sept. 1, when applications to the Missouri Gaming Commission are due.