The Detroit News has reported that the race to
build permanent casinos in Detroit is leaving Greektown Casino behind in the
dust. Greektown already has been approved to build in the city, but is
still awaiting to receive their casino site plan approval from the Detroit City
Planning Commission, which officials say may take several weeks still. Unsorted
red tape and a seemingly cursed fate are what's keeping Greektown Casino
trailing their competitors.
The competition in this case is the MGM Grand
Detroit, and MotorCity, who both have already begun construction on their
permanent casinos, hoping to finish by late 2007. Both casinos are 100%
confident they will be operating in 2008. In fact, they are so committed
to making that happen, they both have already begun registering conventions for
and tradeshows hosted in their conference centers.
Motor City has $275 million budgeted for their new
casino, which they will build onto their current temporary casino. MGM
Grand, on the other hand, is building from scratch - putting over $765 million
into their luxurious and large casino resort, which they are determined to open
in early 2008. Surprisingly, Geektown Casino says they will have a new
casino built and open to visitors in 2008 as well, although it is highly
probably they will be lagging behind the competition - ultimately costing them
millions of dollars in delays.
As for the city of Detroit, despite the delays with
Geektown, they are happy to see progress on at least two fronts, considering
they are in desperate need to stimulate their economy and improve their
fledgling school systems.