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http://www.vancouversun.com/news/million+casino+hotel+project+built+beside+Place/2730700/story.html

$450-million casino and hotel project to be built beside BC Place


By Andrea Woo, Vancouver SunMarch 26, 2010 10:42 AMComments (27)


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The proposed entertainment complex planned for property beside BC Place Stadium in Vancouver would include a 110,000-square-feet, 24-hour casino, two international hotels and five restaurants. The project would cost $450-million and construction would begin in early 2011.

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The proposed entertainment complex planned for property beside BC Place Stadium in Vancouver would include a 110,000-square-feet, 24-hour casino, two international hotels and five restaurants. The project would cost $450-million and construction would begin in early 2011.
Photograph by: Artist's rendering, Pavco

VANCOUVER - Premier Gordon Campbell confirmed Friday morning that a major entertainment complex is coming to Vancouver.

The new complex will include a 110,000-square-feet, 24-hour casino, two international hotels and five restaurants.

The project will cost $450-million and construction is expected to begin in early 2011 and be completed by mid-2013. The project is subject to city approval.

Campbell made the announcement with BC Pavilion Corpration chair David Podmore and several officials from Las Vegas-based Paragon Gaming at a new conference held at BC Place.

Edgewater Casino, owned by Paragon, will close its location at the Plaza of Nations, essentially expanding into the new stadium-side location.

The project will create more than 8,500 direct and indirect jobs during construction and ongoing operation, increase tourism, generate gaming revenue and build a more vibrant downtown, Premier Gordon Campbell said in a release.

Revenue from the project will help defray the cost of the retractable roof at BC Place, BC Pavilion Corporation said. The province and PavCo announced last year a $458-million fixed-price contract between PavCo and PCL Constructors Canada Inc to build a new retractable roof on the stadium. That project will begin in April.

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