MGM to unveil casino resort plans
Another casino giant will try to "woo" Toronto today.
MGM has met with the mayor and over a dozen city councillors in the past few weeks, but now the company will publicly present it's plans for a new Casino resort.
Caesars, and the Las Vegas Sands Corporation have also expressed interest in building here. Wynn Resorts sent a letter to the city manager about a proposed facility as well.
The news conference will be held at the Sheraton Hotel.
NewsTalk 1010's own John Tory got a sneak peek at the plans saying only 8 percent of the entire development would be allotted for a casino. Tory says a complex of this nature would normally include a 4000 room hotel, but MGM will leverage existing hotel space in the area and build a 1200 room hotel.
The CNE's midway will be relocated largely to northern sections of Ontario Place (now mainly parking lots) and there would be a new route developed in order to keep the Honda Indy.
Tory said, Wednesday's proposal will also include a permanent 900 seat home for Cirque du Soleil a shopping complex roughly half the size of the Eaton Centre, and 10,000 underground parking spots.
MGM will also consider a Canadian Music Hall of Fame at Ontario Place, Tory told listeners, with the entire casino projected expected to generate about 10 thousand jobs.
The casino debate will go up before Mayor ford's executive committee later this month.