More News:

December 11, 2015

Philly's second casino granted final zoning approval

Developers must wait for a Pennsylvania Supreme Court decision on appeals of gambling license prior to beginning construction

Business Development

Rendering of the proposed Live! Casino & Hotel at 10th and Packer streets in South Philadelphia.

CBSPhilly reports the city’s second casino was granted final zoning approval by Philadelphia City Council on Thursday.

In October, the city's Planning Commission approved developer The Cordish Companies' master plan for the Live! Hotel & Casino, slated for 900 Packer Ave. in South Philadelphia, adjacent to the city's sports stadiums.

The $450 million hotel and casino complex is expected to house 2,000 slot machines, 125 table games and live entertainment. In addition, the existing Holiday Inn at the site will be renovated into a luxury hotel with more than 200 rooms, a spa and conference center.

In November, Stadium Casino LLCa partnership between The Cordish Companies and Greenwood Gaming and Entertainment Inc., the operator of the Parx casino in Bensalem, Bucks County, entered into an Economic Opportunity Plan with the city. It committed to pay no less than $12 an hour to construction workers and permanent workers and set a goal to make 50 percent of the permanent workforce minority.

Cordish must now await the Pennsylvania Supreme Court's decision on appeals of its gambling license prior to beginning the construction phase.

Read the full CBSPhilly report here.