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November 5, 2007
Forest City in the News
Pittsburgh Tribune-Review, Panel to probe slots licenses
When the Pittsburgh casino license was awarded earlier this year, Forest City came up empty and joined the other losing bidder, Isle of Capri, in a lawsuit challenging the decision. They lost that suit, but questions still remain about how much attention was paid to the financial backgrounds of investors.
The Trib reported that internal reports on each of the three Pittsburgh [casino license] applicants did not include detailed financial analyses for key players or investors.
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The Supreme Court upheld the license award after appeals by the two losing bidders, Forest City Enterprises of Cleveland and St. Louis-based Isle of Capri Casinos.
Washington Post, Seven Developers Submit Plans for Poplar Point
Forest City Enterprises is one of seven bidders for another swath of land in DC:
The D.C. government has received seven proposals from companies seeking to develop a 110-acre parcel along the Anacostia River, but none is from D.C. United, which has lobbied to build a stadium on the site.
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Several of the companies have strong local ties.
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Forest City Enterprises recently launched work on the Yards, one of the largest developments underway along the west side of the Anacostia River.
Posted by lumi at November 5, 2007 5:45 AM