Extension Petition Presentation - PA.Gov

Pennsylvania Gaming Control Board 10/14/08 HearingPennsylvania Gaming Control Board 10/14/08 HearingPetition for Extension of Time to Operate Temporary FacilityPetition for Extension of Time to Operate Temporary Facility

GREENWOOD GAMING AND ENTERTAINMENT, INC.

On July 22, 2008, Greenwood submitted its Petition On July 22, 2008, Greenwood submitted its Petition seeking an extension of time to operate its temporary seeking an extension of time to operate its temporary facility from December 18, 2008 through December 15, facility from December 18, 2008 through December 15, 2009.2009.

The Board has been given specific authority to grant The Board has been given specific authority to grant this one year extension by Section 1207(17) of the this one year extension by Section 1207(17) of the Gaming Act.Gaming Act.

The one year extension is fully consistent with the The one year extension is fully consistent with the Board's approval of Phase I of Greenwood's Master Board's approval of Phase I of Greenwood's Master Plan which required Greenwood to construct and open Plan which required Greenwood to construct and open its permanent facility by December 15, 2009.its permanent facility by December 15, 2009.


The Philadelphia Park temporary facility has been a The Philadelphia Park temporary facility has been a resounding success and is currently the most resounding success and is currently the most successful gaming facility in the Commonwealth from a successful gaming facility in the Commonwealth from a gross terminal revenue perspective.gross terminal revenue perspective.

Since its opening in December 2006, it has: 1) Since its opening in December 2006, it has: 1) generated over $7.1 Billion in wagers; 2) paid out over generated over $7.1 Billion in wagers; 2) paid out over $6.5 Billion to winning patrons; 3) generated over $559 $6.5 Billion to winning patrons; 3) generated over $559 Million in gross terminal revenue; 4) has contributed Million in gross terminal revenue; 4) has contributed over $190 Million to property tax reform; 5) has over $190 Million to property tax reform; 5) has contributed $28 Million to horse racing; and 6) has contributed $28 Million to horse racing; and 6) has contributed over $22.3 Million to the Economic contributed over $22.3 Million to the Economic Development Fund.Development Fund.



CompletedCompleted7/1/087/1/08Final Building Permits ObtainedFinal Building Permits Obtained

CompletedCompleted5/13/085/13/08Core & Shell Construction Core & Shell Construction Documentation including Central Documentation including Central PlantPlant

CompletedCompleted4/1/084/1/08Begin Construction of Begin Construction of FoundationFoundation

CompletedCompleted3/1/083/1/08GroundbreakingGroundbreaking

CompletedCompleted2/5/082/5/08Foundation and Underground Foundation and Underground Utility Construction Utility Construction DocumentationDocumentation

CompletedCompleted1/15/081/15/08Site/Civil Construction Site/Civil Construction DocumentationDocumentation

STATUSSTATUSMILESTONE DATEMILESTONE DATEPGCBPGCB MILESTONESMILESTONES12/19/07 Order/Statement of 12/19/07 Order/Statement of ConditionsConditions


CompletedCompleted9/1/089/1/08Interior Design FitInterior Design Fit--Out Out Construction Documentation Construction Documentation CompletedCompleted

On ScheduleOn Schedule12/15/0912/15/09Grand OpeningGrand Opening

On ScheduleOn Schedule10/30/0910/30/09Date of Substantial CompletionDate of Substantial Completion

On ScheduleOn Schedule5/1/095/1/09Begin Interior Fit Out Begin Interior Fit Out ConstructionConstruction

On ScheduleOn Schedule3/1/093/1/09Building Enclosure CompletedBuilding Enclosure Completed

On ScheduleOn Schedule12/15/0812/15/08Project "Topping Off"Project "Topping Off"

CompletedCompleted8/1/088/1/08Begin Steel ErectionBegin Steel Erection

STATUSSTATUSMILESTONE DATEMILESTONE DATEPGCBPGCB MILESTONESMILESTONES12/19/07 Order/Statement of 12/19/07 Order/Statement of Conditions (Continued)Conditions (Continued)


Following is construction status as of this week:Following is construction status as of this week:

Structural steel is 90% completeStructural steel is 90% completeSteel decking is 50% completeSteel decking is 50% completeConcrete decks in back of house second floor area are Concrete decks in back of house second floor area are 90% complete90% completeConcrete decks in back of house first floor area are Concrete decks in back of house first floor area are 80% complete80% completeConcrete slab on grade for casino floor has just begunConcrete slab on grade for casino floor has just begunExterior framing has just begunExterior framing has just begunRoofing will begin in late OctoberRoofing will begin in late October

Overall, the project is continuing on schedule for the Overall, the project is continuing on schedule for the December 2009 projected completion date.December 2009 projected completion date.


Schedule for both design drawing Schedule for both design drawing production and bid and award of production and bid and award of contracts remains on schedule.contracts remains on schedule.

Work is proceeding in the field on Work is proceeding in the field on schedule for completion and opening schedule for completion and opening not later than December 2009.not later than December 2009.


Significant portions of the project work have Significant portions of the project work have been awarded to local contractors been awarded to local contractors ---- $19 $19 million of $58 million awarded to date (33%). million of $58 million awarded to date (33%).

Meaningful minority and women business Meaningful minority and women business enterprise representation is on the job with enterprise representation is on the job with 11.3% of the work awarded to date going to 11.3% of the work awarded to date going to MBEMBE contractors and 17.7% going to contractors and 17.7% going to WBEWBEcontractors.contractors.


Keeping the township fully advised via Keeping the township fully advised via regular monthly meetings with the regular monthly meetings with the township gaming advisory board.township gaming advisory board.

Keeping Keeping PGCBPGCB fully informed of the fully informed of the project status via the monthly letter project status via the monthly letter reports required in connection with the reports required in connection with the project approval. project approval.

April 2008April 2008


May 2008May 2008


June 2008June 2008


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September 2008September 2008


October 2008October 2008


Documents

Extension Petition Presentation - PA.Gov