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Hard Rock developer withdraws casino bid at Kansas Speedway
Wichita Bisuiness Journal,
Friday, December 5, 2008 at 1:46:34 PM
Citing the struggling economy, the developer of the Hard Rock Casino & Hotel at Kansas Speedway withdrew its application for the project because it needs the option to phase in construction of the hotel, convention facilities and other parts of the project.
Kansas Entertainment LLC, a joint venture joint venture between Kansas Speedway Development Corp. and The Cordish Co., said in a release Friday that when the state reopens bidding, it intends to reapply to build the $400 million Hard Rock-branded casino.
The developer requested a refund of the $25 million privilege fee it paid last year, and the Kansas Lottery is processing the refund, the state said in a release.
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