Sponsored by Energy Trust

Non-tribal casino idea loses steam

| Print |  Email
Thursday, May 01, 2008

WOOD VILLAGE The backers of a $500 million non-tribal casino proposed for the former dog-racing park in Wood Village appear to have given up on winning voter approval in 2008.

The Lake Oswego-based supporters of the deal, Bruce Studer and Matt Rossman, have filed seven separate ballot initiatives with the Secretary of State’s office, but as of April 16, none had been approved for circulation.  Their plan calls for a resort hotel, a multiplex theater and 3,500 video gambling terminals. They argue the casino would create 3,000 permanent jobs and provide more than $200 million in annual property and state taxes.

Commercial casinos were banned with the introduction of the state lottery in 1984. The ban excludes casinos owned by the state’s nine recognized tribes.

Early statements from Studer and Rossman claimed “backing from major investment and gaming interests,” but the identities of the would-be investors have remained a mystery. Rumors that Donald Trump was lurking behind the scenes turned out to be, alas, unfounded.



Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Water World

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

Fred Ziari aims to feed the global population.


Read more...

The short list: 4 companies engaged in a battle of the paddles

The Latest
Thursday, December 04, 2014
pingpongthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Nothing says startup culture like a ping pong table in the office, lounge or lobby.


Read more...

Downtime

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Bob Dethlefs, CEO of Evanta, balances work and play.


Read more...

Dan and Louis Oyster Bar opens up to a changing neighborhood

The Latest
Thursday, December 11, 2014
121114-oystervidBy MEGHAN NOLT

VIDEO: Revamping a Classic — an iconic eatery stays relevant in a changing marketplace.


Read more...

Corner Office: Timothy Mitchell

January-Powerbook 2015
Saturday, December 13, 2014

A look-in on the life of Norris & Stevens' president.


Read more...

Corner Office: Steve Tatone

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits about the president and CEO of AKT Group.


Read more...

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS