Friday, October 16, 2015

Lake Worth resident makes pitch to save business plan at Casino complex

This latest pitch can be found on the Post's editorial page. It's not a new pitch by any means. If you've been following this issue of the Casino complex at the BEACH! then you've heard this sentiment many times. Here is an excerpt from the pitch in the Post:
Casino pitch [emphasis added] not in city’s interest 
     In response to the article, “Developer returns with new casino pitch,” one concern I have that was not mentioned is that Hudson Holdings’ revised proposal calls for the city to finance a parking garage with a revenue bond in the amount of $3.5 million — $6.5 million, with interest.
     Hudson Holdings has always promoted its project as one that will give city residents everything they want and will cost them nothing. It seems that has changed, and this should concern all city residents. If it sounds too good to be true, it probably is.
     The other issue noted by The Post and that has always been part of Hudson Holdings’ pitch to promote their project: They claim that the existing casino project is losing money. My understanding is that the beach complex is in fact operating in the black now, and that revenues are expected to increase.
Here's the definition of 'pitch'. It's an interesting choice of words, is it not? The writer of the letter focuses on the still-unleased 2nd floor space. If you've been following the debate, that's only one of many problems with the facility. And then there's that pool. . .