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Market8 proposal gets backing from three politicians

Feb 11, 2014, 1:59pm EST
Philadelphia Business Journal
 – Reporter

The Market8 casino proposal got some key state-and-local support, the developer said Tuesday.

Market8, which developer Ken Goldenbergproposes for 8th and Market streets in Philadelphia, is among five bids vying for one casino license.

Two state legislators, Rep. Michael O’Brien(D.-Phila.) and Rep. John Taylor (R.-Phila.), and Philadelphia City CouncilmanMark Squilla (D.-1st District) have backed Market8, saying it presents the best opportunity for economic development and best return on investment for the state and city, Goldenberg said.

State regulators held three days of “suitability” hearings in Philadelphia late last month. Regulators are not expected to make a decision until this spring.

“Weighing all of the presentations, it’s clear the economic opportunities that Market8 will bring outweigh those of the other applicants,” O’Brien said, adding that it would spark development on Market East and create more business for thePennsylvania Convention Center.

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