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The Hollywood Casino will be constructed near Turn 2 of the Kansas Speedway. The facility will include 2,300 slot machines, 86 table games and 28, 000 square feet of dining and entertainment options.
Construction will begin late next year and open by early 2012. Developers told the board that they would seek private funding but was in the position to cover cost on their own if needed.
While the Board tried to determine if the proposal was in the best interest for Wyandotte County and the State the pair pledged to bring a second NASCAR Sprint Cup and Grand-Am race to the track.
Due to the economic downturn experienced by many companies, the winning proposal was the only one left for the board to consider, however they stated that they scrutinized the plans as if faced with competition.
The company will make arrangements with local hotels to attract out of state visitors, until the opening of their 250 room hotel.
The agreement calls for an annual penalty of nearly $2 million if construction has not begun within two years of the casino opening.
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