POCONO MANOR, PA-Matzel Development has obtained unanimous approval from Tobyhanna Township’s board of supervisors to subdivide 370 acres from the 3,000-acre Pocono Manor Inn & Golf Resort it acquired in November. This is the portion, located at the intersection of Interstate 380 and State Road 940, on which Matzel plans to develop its proposed Pocono Manor Resort & Casino, providing it obtains a category 2 gaming license from the state.

“All of the land was acquired in several parcels that traverse Tobyhanna and Pocono townships and the Borough of Mount Pocono,” a Matzel spokesman tells GlobeSt.com. “The legal separation of this portion represents the first step in the overall approval process.” It clears the way for submission of the site plan application to the Tobyhanna board. Andrew Bennett, regional manager for Pennoni Associates Inc., the developer’s engineering firm, says he plans to submit the plan within the next 60 to 90 days.

Greg Matzel, president of Matzel, previously announced plans to construct a temporary gaming facility to accommodate 1,500 slot machines within nine months of obtaining a license. Later, the 100,000-sf temporary building would be converted into a 6,000-seat arena.

The entire Pocono Manor Resort & Casino development, projected to cost about $1.4 billion, is the largest of the gaming plans submitted to the state for a category 2 license. The full plans encompass a 750-room hotel, a 120,000-sf convention center, a 1,800-seat theater, 36 holes of golf, a 12-acre man-made lake, nine restaurants and five nightclubs, among other amenities.

In addition, Matzel has entered into a 50/50 joint-venture agreement with Chattanooga, TN-based CBL & Associates Properties for a 616,000-sf retail village. The agreement is contingent on Matzel’s receipt of a gaming license, according to a CBL spokesperson.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.