Pinnacle Entertainment Inc. has suspended casino, luxury hotel, and spa projects in downtown St. Louis. The company’s $400 million development is one of St. Louis’ most ambitious construction projects, and will create a unique destination resort under the shadow of the famous Gateway Arch.
Pinnacle’s site is adjacent to the St. Louis Convention District and the Landing Entertainment District of Larkled. The world-class resort is scheduled to open in 2007 and will include 90,000 square feet of casinos, 200-room luxury hotels, spas, business centers, fancy restaurants, and 12,000 square feet of conference and convention space. The project is estimated to create 700 construction jobs, 1,300 permanent jobs, and an additional 2,500 ancillary service jobs in the area.
“We planned the destruction of the area long before Hurricane Katrina devastated the Gulf Coast completely. Our thoughts and prayers are with the victims of the hurricane, including our employees and their families,” said Daniel R. Lee, president and CEO of Pinnacle Entertainment. “Nevertheless, our plans for downtown St. Louis are ready, our contractor is chosen, and it’s time to start building the foundation.
“So our ceremony today is more of a celebration than a celebration of our investment in the city of St. Louis. We will build a destination here that will help lead to the revitalization of the heart of the city. We will also rebuild our property in Biloxi, Mississippi, which was severely damaged by the hurricane. Just like in St. Louis, we will be good neighbors and will make an important contribution to the revitalization of the Gulf Coast,” Lee said.
The company recently announced that it has chosen St. Louis’ McCarthy Building Company as its overall contractor. The Manel Corao Associates of Las Vegas leads the design team, which will integrate the open space and modern atmosphere for this project with designs inspired by Frank Lloyd Wright. The project will feature a soaring tower with dramatic light features that will become a new icon along the St. Louis River.
Pinnacle also recently announced the acquisition of the Ambassador’s Office Suite Hotel, adjacent to the site, and about three additional acres of land in the area, giving the company the opportunity to master an 18-acre redevelopment area north of Gateway Arch. 토토사이트
The company was selected for two St. Louis regional projects by the city and county of St. Louis in early 2004, and the Missouri Gaming Commission was selected during a competitive bidding process that included applications from several gaming companies. In addition to the downtown project, the company plans to build a $375 million casino, hotel, and entertainment complex in the lemey community of St. Louis County.