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Philadelphia Mayoral Candidate Proposes Non-Profit Run Casino14 February 2003PHILADELPHIA, Pennsylvania – As reported by the Philadelphia Daily News: "If Green Bay can own a football team, why can't Philadelphia own a casino? "Republican mayoral candidate Sam Katz isn't proposing a municipal gaming house (picture the Parking Authority running blackjack tables), but he is talking about a nonprofit corporation that would capture the bounty of casino profits for the public good. "…`We have a chance here to funnel $100 million annually back to the people of Philadelphia,' Katz said yesterday. `Think of how we could transform the lives of our children.' "A group of well-heeled private investors has formed to develop a harness track with slot machines at a Navy Yard site, and Katz is suggesting the casino-for-non-profit idea be considered in the mix. "…Katz is not suggesting a full-fledged casino, but speaking generally of gambling in Philadelphia. "…Katz said his nonprofit corporation, Forward Philadelphia, would bring in an experienced gaming company to run the casino on a fee-plus-incentive basis…" |