How an empty Macon Mall store could become a casino resort if Georgia legalizes gambling
Summary
Macon-Bibb County is considering a potential redevelopment of the former JCPenney store at Macon Mall into a casino resort, despite the current lack of legal casino gambling in Georgia. The Urban Development Authority has entered a 10-year purchase option agreement with Gaming and Leisure Properties, Inc. (GLPI), a subsidiary of PENN Entertainment. The project aims to stimulate development on Macon’s West Side, mirroring successful casino-driven developments in cities like Tulsa and Baltimore. GLPI has pledged up to $2.5 million for demolition, with a potential purchase price of $20 million if gambling is legalized. Mayor Lester Miller believes the resort could generate significant tax revenue, tourism, and high-paying jobs, while some residents express optimism about revitalizing the struggling mall. The agreement allows GLPI to extend the option for an additional $500,000 if legalization doesn't occur within five years, or to withdraw from the deal.
(Source:Wgxa)