Morning Headlines: Market8 Gets Three Political Endorsements

And other news, this way.

Rendering of Market8.

Rendering of Market8.

Market8 has been endorsed yet again, this time by state and local legislators: Rep. John Taylor, Rep. Michael O’Brien, and Councilman Mark Squilla. They join a line of supporters that includes the Washington West Civic Association and the Philadelphia NAACP.

The casino bidder’s presentation at last month’s hearings before the Pennsylvania Gaming Control Board made a stronger impression than those of the other contenders.

From PlanPhilly:

“Weighing all of the presentations, it’s clear the economic opportunities that MARKET8 will bring outweigh those of the other applicants,” said O’Brien, D-Philadelphia, in the press release. “With its Center City location, MARKET8 will be best positioned to draw the most new gaming patrons and spur economic growth on and around East Market Street. Also critically important, MARKET8 will drive more business to the Pennsylvania Convention Center – generating additional major conventions and therefore more revenue for the State and the City.”

Market8 got additional points for their promise to give an annual minimum sum of $2 million back to the community, as well as its gambler rewards program.

Squilla, O’Brien, Taylor: Market8 best chance for revenue, economic growth [PlanPhilly]

In the meantime, more news this way…

Drexel’s $13M renovation brings entire division back to campus [Philadelphia Business Journal]

Camden City Council acts to boost development [Inquirer]

Planners OK WP Realty projects for Wynnewood Road; moves to board of commissioners for review [Main Line Times]

WP Realty official involved in new Whole Foods development to be sentenced for tax evasion charges [Main Line Times]

Former Pearl Art Supply Building To Be Reborn As Artist Studios [Naked Philly]

Immaculata to kick off new campus housing construction []

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  • matthew brandley

    This will canibalise gambling in the entire phila area if this is ever built. The casino on delaware ave will be left out to dry and everything they threatend to do with the employees will happen within days of this opening. PARX casino will be cut in half revenue wise. a c casinos will wilt to nothing. You will have more vagrants beging for money downtown and a increase in crime. Again be careful what you wish for

    • DTurner

      Frankly, any casino will be a bad casino; at least Market8 would provide us with a significant improvement over the Disney Hole, not to mention that the space could be converted into residential or office space if the casino idea goes south. Most of the other ideas (looking at you, Provence) would be far more difficult to convert in to something else. If we have to choose a casino to over-saturate the market, let it be one that could survive the inevitable collapse.

      • matthew brandley

        Sugar House employees would have tp pay for more than half of the total cost of health ins that they now get covered almost completely by the employer. They would have no more community involvement. No more grants. Nothing. Again your just blind to the fact about what they do give to the community and employyes . Guess you missed the article and testimony 2 weeks ago?

        • DTurner

          I just don’t think that the city should be in the business of protecting the interests of a casino that has done very little for development along the waterfront. Sugar House is going to hurt, no doubt, but it will also force the casino to up its game and become more competitive by pursuing non-gambling supplements to its income; heck maybe even that hotel they promised us?

          • matthew brandley

            your a idiot! what part of the employees having to pay more out of pocket for insurance did you not get? layoffs? your some kind of special stupid arent you! It will reverberate across the entire casino industryou stupid idiotic moronic fool! man I cant stand dealing with stupid aholes like you who just dont get it!

          • DTurner

            And I can’t stand individuals who cannot spell, form proper sentences, or debate in a civil manner; but here we are…

            Also, I was under the impression that you were on the conservative spectrum of economics; how do you justify what is basically a government-protected monopoly by Sugar House to operate in the city of Philadelphia?

          • matthew brandley

            I bring up valid points and all you liberal douch bags can do is go after me for my spelling? realy ? such a pathetic maggot low life like you would do something like that when confronted with the truth. What a doick

          • Mike McGettigan

            Er, is there a “c” in doick? Is it rilly a werd? I have my douchs about that!

          • DTurner

            I’m sorry, it’s hard to see the few points you are making in the vast sea of insults.

            Also, why are you assuming I’m liberal here? Frankly, my views on this subject appear to be far more conservative than your own.

    • NateFried

      Let it cannibalize the others. All the other casinos suck. Let pure capitalism live and Market8 to become a GREAT attraction!