Gambling Complex Developer Says He No Longer Controls Property

Dan O'Leary, the developer behind the proposed $1 billion gambling complex in the Norcross area, says he no longer controls the property where he was planning on building it, according to media reports.

O'Leary told the Atlanta Journal-Constitution that they've extended the land contract seven times already on the OFS site, so they're taking a break from it. OFS is a fiber-optic company that only uses a portion of its multi-acre land off I-85 and Jimmy Carter Boulevard.

O'Leary has constantly propelled the mindset that the gambling complex would save the HOPE Scholarship. In addition to creating an annual estimate of $350 million for HOPE, the project would gain a projected $700 million in annual revenue and create 2,500 new jobs and a thousand construction jobs.

Other setbacks have stalled the project, too. In May, O'Leary went before the Georgia Lottery Board to give a proposal for his project in hopes to gaining approval of the use of video lottery terminals, but they didn't move forward in making a decision because Gov. Nathan Deal doesn't support it. In July, O'Leary made another proposal in front of the Gwinnett Village CID board, and he told Norcross Patch that the lottery board still hadn't done anything.

The AJC reports that there is still no sign from the board to approve the VLTs.

Chuck Warbington, the executive director for the Gwinnett Village CID, said in the December CID board meeting that any government decision may not be seen until 2014 or 2015, when the HOPE scholarship is expected to take a deeper hit.

"There's nothing, unless there's a new revenue source, that can take care of that," said Warbington.

Another setback is the fact that many Georgians still are believed to be against having a gambling facility in the state.

However, the mindset seems to have changed. On the July ballot for registered Republicans, the question, "Should Georgia have casino gambling with funds going to education?" received 50.2 percent for it while 49.7 percent said no.

O'Leary didn't expect the votes to go in his favor since he believed the question's wording was flawed.

"The people have spoken," he said in a press release. "They reject government solutions that simply raise taxes to fund their operations. It’s time to think creatively about solutions."

What do you think of this setback for the gambling complex? Tell us in the comments.

See also:

• Gambling Complex Developer: 'The People Have Spoken'
• GMA Hears Gambling Complex Pitch
• Developer Proposes Gambling Complex in Norcross
• Do You Favor the Gambling Complex?

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