A Spike in land values?

A rail link from Hoboken NJ/New York area is still in the planning states. Its inevitability is almost certain. Planners are focused on restoring passenger rail service to the Pocono’s, for the first time since the early seventies.

As soon to be created seven members Pennsylvania Gaming Control Board is to award slot licenses after applications are vetted sometime in 2006. The Board will consider a host of factors in awarding licenses and isn’t obligated to have decisions based on an innovative study, although it will be constrained by revenue imperatives.  The innovation study is based on a mix of 13 slot licenses – six at tracks, and seven stand-alone.  It concludes the best strategy for Pennsylvania is to locate parlors where they can draw customers from sixty-mile radius. In heavily populated areas and attempt to recapture the dollars that Pennsylvania spends gambling in surrounding states.

Pocono Raceway, home of the NASCAR Pocono, 500 attracts more than 200,000 people yearly for two races. Plans call for 300 million dollars to build a 200,000 square foot slot parlor and entertainment facility behind the track, grandstands. The plans include a convention hall, spa, restaurants and shops (minutes from Amanda’s)

Mount Airy Lodge, under new investment ownership will receive a good deal of consideration for a state license given its size and location (minutes from Amanda’s)

To Conclude, the Pocono’s are considered the vestige of pristine land going west with a ninety-mile radius ala New York and Philadelphia. Vision is in the eyes of the visionary.

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