Caesars gets 30 more days to cut deal with city

September 27, 2012|by Annie Linskey

The Caesars Entertainment-backed group with a license to build a casino in Baltimore will have an additional 30 days to work out the details of a needed legal agreement with the city, Maryland's slots commission said Thursday.

The extension means that Caesars and Baltimore officials will have until Nov. 1 to agree on a 50-year land lease and other related contracts that must be signed before construction can be built. Caesars plans to build the gambling palace on city land near the M&T Bank Stadium.

"Discussions are making material progress," said Trevor Busche, a vice president of corporate development for Caesars. "Both parties are having a constructive dialog."

Kim Clark, of the Baltimore Development Corporation, agreed saying she was "very confident" a deal can be reached. She hopes to beat the deadline, and have the agreements brought to Baltimore's Board of Estimates by Oct. 17.

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