$535 million “urban resort” to house new downtown Vancouver casino
The developers of a new casino, hotel and entertainment complex in Vancouver say they are bringing a “new, world class urban resort” to the city when the project opens in 2016.
Paragon Gaming Co., Dundee Corporation and 360 VOX have unveiled plans to build a $535 million hotel complex and casino on ‘Site 10A’, which is the land to the west of BC Place.
The project will be the new home of the exisiting Edgewater Casino, and will maintain the existing 600 slot machines and 75 gambling tables. There will be no increase in gambling with construction of the new project.
The new proposal still needs to be approved by Vancouver city council.
Paragon is the company behind the failed Edgewater casino expansion proposal, which was voted down by Vancouver city council in April 2011. The $500 million expansion would have doubled the casino’s capacity.
In July of this year, council approved a permit extension so Edgewater can stay in its current Plaza of Nations location until December 31, 2016, which is when it will move to its new location.
The new complex will also include two hotels: a JW Marriott luxury hotel and an Autograph hotel. The hotels will be four and five-star properties.
In addition to the casino and hotels, there will be conference space, restaurants, a fitness centre and spa.
“This vibrant new urban resort will create a new entertainment center for both Vancouver residents and tourists, by creating a resort centrepiece where people can see a game, concert or show; meet, work, or stay,” says Ned Goodman, President and CEO of Dundee Corporation.
“We’re excited to be building a project that will add vitality to downtown Vancouver and create thousands of jobs in our city,” says Ross McCredie, COO of 360 VOX Corporation. “We’re looking forward to creating something that Vancouverites will be proud to experience and share with visitors from around the world.”
The group, Vancouver Not Vegas, has always been opposed to the expansion of the Edgewater Casino, and would like a moratorium on the expansion of all gambling in Vancouver.
© 2013 Shaw Media