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No, I didn’t die. I’ve been pretty damn sick, got better, now it’s back and I’m sick again.

I found this on CNN today.

Exit Only Inc. Signs Agreement to Merge With Summit City Grand Resort & Casino Holdings Corporation

November 25, 2008: 08:01 AM EST

Exit Only, Inc. (PINKSHEETS: EXTO) today announced that it has signed a definitive agreement to merge with Summit City Grand Resort & Casino Holdings Corporation. The Chief Executive Officer (CEO) and President of Summit City Grand Resort & Casino are H.S. Liddell and Todd Smith.

Key political leaders have previously met to organize getting legislation approved for its gambling license for the state of Indiana. The construction of the proposed casino will be joined with the construction of a major water park, resort, and hotel. The goal is to revitalize the downtown Fort Wayne, Indiana area and provide financial support for the city. Key constituents have already conducted meetings with the Indiana Gaming Commission to initiate the process. The project is expected to bring approximately 1500 jobs to the city of Fort Wayne, Indiana.

So, Stan’s going to bring us another hotel, a water park AND a casino.

Indiana is one of the most popular resort and casino destinations in the United States. The Annual Reports filed within the Indiana Gaming Commission by other resorts and casinos in Indiana reflects a total of $2.219 billion for annual gross revenues generated within the gaming industry for FY2008. Summit City Grand Resort & Casino Holdings Corporation is very confident that its resort and casino operations will make significant contributions towards the growth of the gaming industry while being a very unique and perfect counterpart for the state of Indiana. http://www.in.gov/igc/files/FY2008-Annual.pdf

The CEO of Summit City Grand Resort & Casino Holdings Corporation, H.S. Liddell, is currently a part owner of the Sosua Bay Grand Casino & Resort and the Hotel Villa Chessa out of the Dominican Republic within the Caribbean Gaming & Acquisition Corp. http://www.sosuabayresort.com/.

For over 20 years, Mr. Liddell has been the owner and operator of “Piere’s”, one of the largest nightclubs in the Midwest located in Fort Wayne, IN. Piere’s includes 5 great clubs under one roof and its “million dollar stage.” Piere’s is 4th in the world in concert ticket sales for “over 21″ concerts. Over 1000 National Recording Artists have performed including the likes of Godsmack, Creed, REO Speedwagon and Willie Nelson. Piere’s has over 65 national concerts per year and entertain over 6,000 people per week. http://www.itstheparty.com/

Mr. Liddell brings a great background in operations of large scale entertainment projects to the Company and is also the owner of some properties within Sosua including a property housing 20 apartments and 12 hotel rooms. Mr. Liddell also owns two other nightclubs, other commercial buildings, millions of dollars of downtown prime real estate development properties and warehouses in Indiana.

Mr. Liddell owns Allure Limousines, a premier limousine company that provide services for all of the Fort Wayne, Indiana area. Allure Limousines also owns a Classic Trolley in the area that holds up to 28 passengers. http://allurelimos.info/

Mr. Liddell owns Picasso’s, the city’s premier banquet facility. All of Picasso’s food for weddings, anniversaries, corporate parties & more is catered by the four star restaurant owned by Mr. Liddell, Trolley Steaks & Seafood. The restaurant can cater from 10-250 people. http://www.picassosevents.com/, http://www.thetrolleybar.com/

“Premier banquet facility.?” I’ve never heard of Picasso’s until now. I’d also have to question who awarded the Trolley 4 stars? The Michelin Red Guide is the Holy Grail of restaurant ratings, followed second by the Mobil Travel Guide. Neither have a 4-star restaurant listed in Fort Wayne.

[...]

The company is currently in discussions with major partners to continue contributing towards the completion of this project. Significant financing options have been discussed and will be announced in detail in the near future.

Interesting.

AWB

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3 Responses to “1500 jobs coming to Fort Wayne?”
  1. shoeginmachine says:

    Come on Dan, this is a no brainer…

    The City will excersize its option on the Omni Source land for $4 million, then they will turn around and sell it for $15.00 and extend the TIF district to raise money so they can dump another $50 million in to cleaning up the rivers, dredging the downtown area and widening the area around omni source so they can build a “floating” casino.

    While we are at it, don’t we need a new 17,000 seat downown indoor arena for the Mad Ants…I mean, sharing with the Komets is just killing their attendance.

  2. Big Bro says:

    This would be HUGE for Ft. Wayne! Good luck Stann…YOU CAN DO IT!

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