Newspaper article St Louis Post-Dispatch (MO)

Casino Group Gets Option on Property Riverwoods Tract Plans Will Depend on License

Newspaper article St Louis Post-Dispatch (MO)

Casino Group Gets Option on Property Riverwoods Tract Plans Will Depend on License

Article excerpt

A partnership that wants to develop a casino in north St. Louis County has acquired an option from the Missouri Conservation Department to buy 123 acres across the Missouri River from St. Charles' Frontier Park.

The partnership, Missouri River Equities Inc., consists of business people from St. Charles County and New York.

It is one of three companies vying for a casino in North County.

The property, called Riverwoods, is on the unprotected side of the Earth City levee and was under water Wednesday.

Conservation Department spokesman Shannon Cave said that Missouri River Equities delivered a check for $210,000 Tuesday to buy a one-year option on the land.

It will cost Missouri River Equities an additional $1.4 million to exercise the option. Cave said the partnership can take up to two one-year extensions on the option at a cost of $100,000 a year. That sum will be credited against the $1,610,000 purchase price.

Missouri River Equities said it will exercise the option if it gets a gambling boat license from the Missouri Gaming Commission. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.