MIAMI-Florida has been considering statewide casino gamblingsince January. The goal is to boost taxable revenue in a downeconomy—and it has a direct impact on new real estatedevelopment.

Florida Governor Rick Scott came out in opposition of a non-stopflashing green light on gambling in the Sunshine State, but theconservative seems more amenable to allowing poker tables and slotmachines to fly.

Of course, Florida already has a statewide lottery, and theSeminole Tribe of Indians runs seven casinos and gambling sites inthe state on reservation land. But that’s reservation land. Still,developers eyeing Florida seem to be tying mixed-use projects to agambling element.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.