Pinnacle's casino project looks dicey
http://www.pressofatlanticcity.com Construction
will start no earlier than 2010 - if ever - on the now-cleared land
where the old Sands Casino Hotel once stood, Pinnacle Chairman Dan Lee
said Wednesday while giving a cautious update on the project. Lee
put the odds of Pinnacle ever building the new casino at 50 percent,
conceding that the property may be sold and his company could pull out
of Atlantic City if the credit crisis continues.
ATLANTIC CITY - The sprawling dirt site where Pinnacle Entertainment's
$1.5 billion megaresort is supposed to rise will remain vacant for at
least two more years.
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