ST. JOSEPH, Mo. (AP) — An investment company said it plans to build a casino and expo center in downtown St. Joseph.
Missouri-based Inner Circle Investments LLC hopes to build the casino in the parking lot just north of the Radisson Hotel, which it also owns. The company will then relocate the St. Jo Frontier Casino to that location, the St. Joseph News-Press (http://bit.ly/2fJqDKt ) reported.
The city has contacted Affinity Games, the company that owns Frontier, several times about possibly moving downtown.
Planning and Community Development director Clint Thompson said Affinity Gaming was reluctant to move without some kind of incentive. Thompson said Inner Circle provided more incentive for Affinity than the city would.
“Both in terms of expense reduction and in terms of revenue generation, it’s better for them to come downtown,” Inner Circle board member Mark Hall said.
The St. Joseph City Council will vote on a memorandum of understanding with Inner Circle that shows support for the project in December. Inner Circle has agreed to use its own funds to prepare an early design with Hunden Strategic Partners, as part of the memorandum. Hunden will study the economic impact that the plan would have on St. Joseph.
Hall said it’s possible that a casino will be built in the downtown area regardless of whether Frontier agrees to relocate.
Plans also include the refurbishing of the Radisson, redeveloping Civic Arena and a new parking structure. Thompson said Inner Circle will likely use tax-increment financing from the city to help with the plans if put into motion.