Next step: GLPI plans casino-hotel bid if Georgia approves casino licensing process
GLPI plans to bid for a casino-hotel in Macon, Georgia, contingent on state casino licensing approval, and will fund mall improvements.Summary
Gaming & Leisure Properties, Inc. (GLPI) has signed a letter of intent to purchase the former JCPenney at the Macon Mall with plans to build a casino and hotel if Georgia approves casino licensing. The Macon-Bibb County Urban Development Authority (UDA) approved the Letter of Interest, and GLPI will fund up to $2.5 million for demolition and upgrades to the mall. The initial five-year partnership includes a $20 million purchase option for the UDA, potentially increasing to $500,000 for a five-year extension. Mayor Lester Miller highlighted Macon’s potential for economic development due to its location and growing tourism, citing the success of the Atrium Health Amphitheater and Rhythm & Rally pickleball facility, which have generated significant economic impact for the county. The project aims to revitalize the Macon Mall area and contribute to the city’s overall growth.
(Source：Wgxa)