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Cordish targets Indiana18 October 2007INDIANA -- As reported by the Baltimore Sun: "Baltimore developer The Cordish Co. is positioning itself to become an active player in the growing gambling business by taking on its first venture to build and manage a Las Vegas-style slot machine casino. "The developer, known for urban entertainment projects, has reached an agreement with the owner of Indiana Downs to develop and operate a $200 million casino at the horse racing track outside of Indianapolis. "The deal with the Oliver Family Trusts, the majority owner of the racetrack, marks the first time the developer of Power Plant and Power Plant Live at the Inner Harbor will run a gambling venue. "...Cordish has developed successful hotel and casino projects in Tampa and Hollywood, Fla., for the Seminole Tribe of Florida..." |