Developers Add $ 75 Million to Slidell Casino Proposal Ahead of Vote
Developers planning a casino in the Slidell area are extending the $ 75 million project before it goes to voters in St. Tammany Parish for review.
Peninsula Pacific Entertainment (P2E) wants to build a casino southeast of Slidell, near the double-span Interstate 10 bridge and along Lake Pontchartrain. The company joined officials at St. Tammany Parish this week to announce that the price has risen from $ 250 million to $ 325 million as the development proposal grows.
In addition to the land complex comprising a hotel and restaurants, the expansion would include convention space, more entertainment options, exterior lakefront upgrades, and an outdoor pool and event space. A new statement from St. Tammany Corporation said the changes came after receiving feedback from residents of the parish.
Security concerns have also been an issue, and P2E President Jonathan Swain said a new district office for the St. Tammany Parish Sheriff’s Department will be built on the property to provide 24-hour patrol. around the clock.
Louisiana lawmakers recently approved a referendum on St. Tammany voters to decide whether or not to allow casinos. A 1996 election banned casinos in the parish. Local officials are considering a November date for another vote.
P2E would also need the approval of the Louisiana Gaming Control Board to move its license from Bossier City to the parish of St. Tammany. The company operated a river boat there which has since closed.
Parish President Mike Cooper and Parish Council Chairman Mike Lorino joined the press release announcing the expansion. Cooper touted the potential for new jobs: nearly 1,700 are expected during construction and nearly 1,000 direct jobs during operations, the statement said. The company has committed to hiring residents of St. Tammany for half of them, and has made other commitments to hire minority and seasoned contractors and suppliers.
Other promises include the allocation of 5% of gaming revenue to the parish and $ 35 million for a sports and tourist complex.
“I am pleased to see Peninsula Pacific Entertainment’s continued commitment to this proposed economic development project for the parish of St. Tammany,” said Cooper. “P2E offered 1,700 new jobs in addition to providing mental health, homelessness and programs for our youth and seniors, as well as supporting our local municipalities and law enforcement agencies. With a call for an election by the parish council, the voters of St. Tammany will decide the future of the proposed entertainment and gaming complex in Slidell.
Lorino said a public meeting will be held to hear from community members before voting on an election date.