Downtown Cincinnati will be home to a new casino development. It was announced on Thursday that Rock Ventures LLC has purchased the 20 acre Broadway Commons for $35 million.
Rock Ventures joined with Penn National Gaming inc to help finance the campaign to legalize gambling in Ohio. This was given approval by voters last November.
Now that the land for the future casino has been purchased, President of Rock Ventures, Matt Cullen stated that they are now planning to hire a casino operator. Mid-June is when Cullen expects to announce the decision.
Later this year is when Rock Ventures is hoping to break ground. New workers will begin training around the end of 2011. The company is expecting the casino to open mid-2012. Cullen is expecting a minimum of $250 million investment for the project.
Rock Ventures is estimating 6 million visitors annually.
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