It also would relinquish any leases it has on the two casino parking lots downtown and the office space in them to make those buildings city-controlled.Ĭity officials said the current empty lots along Farnsworth generate about $150,000 a year in property taxes, but that could increase to about $5 million when the casino is built. Penn Entertainment would not only spend more than $300 million to build the new casino, but it would agree to demolish the existing casino building downtown and transfer the pad it was built on to the city.
