Sands wants to bring a casino resort downtown
Another resort company has presented its proposal for a casino in Toronto, although not in detail.
Sands Corporation wants to build an ``integrated resort`` right downtown, expanding the Metro Toronto Convention Centre on Front Street.
While they`re holding back their initial design for now, CEO Michael Leven told the Economic Club of Canada today that their resort would include an ``iconic`` hotel tower with up to 2,000 rooms, a casino, convention and banquet space, as well as retail space.
Leven says his company is focusing more on making Toronto more competitive in the convention space market, rather than bringing a casino to the city.
``Most people believe that we`re just a casino company. We`re not,`` Leven says.
As for jobs, he says their resort would add 9,000 to 10,000 direct jobs and 15,000 indirect jobs.
Leven says they`re not interested in the Port Lands and Exhibition Place as a location because the two sites would require too much of an infrastructure commitment. He also says a resort at Exhibition Place would not bring any business into the downtown area.
The $2-billion project could be completed within 36 months, Leven says.