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Philadelphia congressman floats idea for city-owned casino

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By The Associated Press
Friday, Nov. 9, 2012, 6:46 a.m.
 

PHILADELPHIA — One of Philadelphia's congressmen says the city should place a bet on itself.

U.S. Rep. Bob Brady believes Philadelphia should open a casino and use the money to fund the School District of Philadelphia and the city's pension plan.

Brady tells the Philadelphia Daily News the casino could be built on city-owned land under the Walt Whitman Bridge in South Philadelphia.

Such a plan faces long odds, however. The deadline to submit an application to the state Gaming Control Board is next week and Brady's idea includes a ballot question to approve $500 million in borrowing to get it built. That wouldn't be possible until May.

Three developers have publicly announced proposals for the open license.

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