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BATON ROUGE, LA-Pushing its plan for the Riviere entertainment resort another step closer to reality, Pinnacle Entertainment Inc. has acquired 508 acres for $20.9 million. According to documents filed with the Baton Rouge clerk of courts, Pinnacle has bought the land from SRA Associates, which had been assembling the acreage for the entertainment company.

As previously reported in GlobeSt.com, the Las Vegas-based Pinnacle plans to build a multi-use complex Riviere along River Road. There still remain questions about a portion of the batture land, which is the stretch between the river at low-water stage and a levee. Pinnacle owns approximately five-sixths interest in the 66-acre stretch, but it reportedly is balking at the $3-million asking price for the other one-sixth interest. SRA Properties filed court papers two weeks ago seeking to subdivide the land. A spokeswoman with Pinnacle says the case is still pending.

A voter referendum is scheduled for Feb. 9. Assuming voters approve Riviere, timelines and project phases will then be released. “The only thing we know right now is that this will be open by 2010, but nothing more specific,” the spokeswoman tells GlobeSt.com.

Riviere is envisioned as a large entertainment and gaming resort with a single-deck riverboat casino, 100-room hotel and restaurants, lounges and an entertainment venue. The development’s first phase, which includes the riverboat casino, is projected to cost $250 million.

“We’re trying to bring a second-generation gaming and entertainment facility to the area,” the spokeswoman says. “In terms of quality, we’re looking for something similar to our L’Auberge du Lac in Lake Charles.”

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