Mayor to meet with Pinnacle officials - KPLC 7 News, Lake Charles, Louisiana

Mayor to meet with Pinnacle officials

By Adam Hooper - bio | email

LAKE CHARLES, LA (KPLC) - Pinnacle Entertainment officials flew in from Las Vegas to meet with Lake Charles Mayor, Randy Roach. A while back 7 News reported that Dan Lee had resigned as CEO of Pinnacle Entertainment after he allegedly lost his temper at a council meeting in the St. Louis area. Part of the meeting was to make sure that new management at Pinnacle and the city of Lake Charles are on the same page, when it comes to the old Harrah's property off of I-10.

"Time is of the essence here, and we need to do something as quickly as possible. I think that we might need to do something creative to try and work out a reasonable solution to that problem," said Lake Charles Mayor Randy Roach. 

One of the options discussed, is the city purchasing the property from Pinnacle and developing it. But, one issue that has to be factored into this proposition is a 34-million dollar lawsuit against Pinnacle Entertainment over this property, dating back to when Players Casino owned the rights to the land.

Another issue discussed in the meeting are the revisions made to the plans for Sugarcane Bay. It seems that even the gaming industry is not immune to the shaky economy.

"We are in a very challenging development environment. We wanted to make sure that the project came in at a reasonable budget, and is also complementary to L'Auberge. We want it to work well for many years to come," said Jack Godfrey, General Council for Pinnacle Entertainment.

On Tuesday, Pinnacle Entertainment will go before the Louisiana Gaming Commission in Baton Rouge to submit revisions to their Sugarcane Bay project. The gaming commission is expected to make a decision the same day. 

Copyright 2009 KPLC. All rights reserved.

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