The Cordish Companies formed a joint venture with Eldorado Resorts Inc., owner of Isle Casino Racing Pompano Park, to build a mixed-use development around the casino and harness racing track in Pompano Beach.
The 223-acre development would include an office campus, a hotel, residences, and space for retail stores and restaurants.
Pompano Beach Mayor Lamar Fisher said in a prepared statement that city officials “look forward to working closely together with The Cordish Companies and Eldorado Resorts in creating a destination like no other.”
Terms of the deal were not disclosed nor was the project value of the project.
In Florida, the Cordish Companies has develop the Seminole Hard Rock Hotel & Casinos in Hollywood and Tampa.
Eldorado Resorts owns and operates 20 properties in 10 states, including Florida.
“This development is an incredible opportunity to complement our existing gaming and racing facilities on the site and will become a vibrant destination for visitors to South Florida,” said Eldorado CEO Gary Carano in a statement.
The question remains; will the legislature and their continued pursuit of decoupling help or harm this project and others of it’s kind? Will video gaming continue to eat away at the dwindling “crowds” at the racing events? These and other pressing questions remain unanswered.
What do you think?