The South Side Development Co. today endorsed Forest City Enterprises' proposal for a slots casino at Station Square and agreed to work with the developer on the impact of the casino if it is built.
The community development group and Forest City will form a steering committee to deal with potential problems such as increased traffic, and Forest City will pay for a staff member to work for the community group on gambling issues for at least a year, beginning immediately.
They also announced Forest City has agreed to participate in the state's Neighborhood Partnership Program. If Forest City gets the slots license, it will give the community group $1.5 million: $150,000 a year for 10 years. If it doesn't get the license, it will contribute $50,000 a year for five years or $250,000.
Forest City is one of three groups seeking the one free-standing slots license that will be awarded in Pittsburgh. It has teamed with Harrah's for a proposal that it says could result in $1 billion worth of development at Station Square --- the casino, restaurants, and a new neighborhood of apartments and condominiums.
The other two proposals for slots parlors are the Pittsburgh Penguins/Isle of Capri plan for the Uptown area and PITG Gaming LLC, which wants to build a complex along the Ohio River adjacent to the Carnegie Science Center.
A license may be awarded by the end of the year.
More details in tomorrow's Pittsburgh Post-Gazette.