GOING FOR BROKE: City still faces casino hurdles
By Michael Holtzman
Herald News Staff Reporter
Posted May 15, 2010 @ 06:23 PM
Fall River —
If city residents and business people say bringing a destination resort casino to Fall River is a mega-gamble, it’s not just figurative talk.
There remain more hurdles to leap than an Olympic track event.There are various “ifs” playing out in the high-stakes game with the city’s wheel of fortune in the balance.
It appears a full-blown casino could be built here…IF the state Senate follows suit of the House and passes a casino gambling bill and license designations the two chambers can agree on and the governor, who’s in favor of three statewide casinos, signs.
IF a deed restriction on the 300-acre SouthCoast BioPark site banning casinos is lifted. The state Legislature needs to vote the casino restriction out.
The mayor says that takes a majority, while casino critics says it requires a two-thirds vote.IF the city’s Redevelopment Authority votes to approve the sale of the 300-acre park to the Mashpee Wampanoag Indian Tribe and their financial backers.
That could happen as soon as tomorrow night. IF the state Executive Office of Housing and Economic Development continues to fund the University of Massachusetts Dartmouth's proposed bioprocessing center and the parties can agree upon the Redevelopment Authority’s alternative site.
The Greater Fall River Development Corp. will also kick in $3 million to further what was billed as the BioPark anchor tenant project by UMass Dartmouth.IF city voters support building a casino during a required referendum vote. Mayor Will Flanagan believes 7 in 10 will.