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Construction Begins on Casino Niagara22 October 2001NIAGARA FALLS, Ontario –(Press Release) -- Bart Maves, MPP for Niagara Falls and Tim Hudak, MPP for Erie-Lincoln, were on hand today as construction for the new Casino Niagara officially got underway. Ron D. Barbaro, Chair and CEO of the Ontario Lottery and Gaming Corporation and Nick Pritzker, Chairman and CEO of Hyatt Development Corporation also joined Maves and Hudak today. ``It has been a tough time for the tourism industry in the region, but I'm confident that with the start of construction for the casino it will serve as a catalyst for getting tourism back on its feet again,'' Hudak said. ``The start of construction will create a new wave of economic momentum in the community as we prepare to award $100-125 million in contracts for mechanical, electrical and concrete work resulting in an immediate ripple effect on the Niagara Region,'' Barbaro said. ``Hyatt is excited, enthusiastic and above all, confident that we will be able to provide this region with the world-class facility it deserves,'' said Nick Pritzker, Chairman and CEO of Hyatt Development Corporation. ``I am extremely pleased that so many Niagara residents have had the opportunity to participate in the ground-breaking and start of construction for the new Casino Niagara Complex,'' said Maves. ``This is a tremendous boost to the Niagara economy and people should realize that the estimated investment in the new Casino Niagara Complex is approximately the equivalent of building three new Air Canada Centres.'' The Niagara Falls Casino/Gateway Project is part of a larger vision to revitalize the Niagara Falls region by transforming it into a unique, year- round tourist destination which will draw and expand on the existing tourist base and increase visitors' length of stay. The Casino complex will contain 3,000 slot machines and 150 table games, a 368-room Hyatt hotel, extensive meeting and exhibition space, a world class retail facility, restaurants and entertainment venues. The Gateway project includes several off-site attractions such as River Country - a major theme park concept, a 12,000-seat amphitheatre and a people mover system. |